The European steel market remains under pressure as weak demand continues to suppress prices. The CRU price index for the region stood at 175.0, unchanged from the previous week, marking a 0.5% rise from the prior month but a significant 7.2% drop compared to the same period last year. This trend reflects ongoing challenges in the sector, with market conditions showing little sign of improvement.
In the coil segment, the European market has softened due to weak demand. Nordic hot rolled coils are currently priced between 500–505 Euros/ton, with some deals falling as low as 485–490 Euros/ton. Cold rolled coils are trading at 560–600 Euros/ton, though buyer bids remain on the lower side. In Southern Europe, hot rolled coils are available at 475–485 Euros/ton, while cold rolled coils range from 550–560 Euros/ton. Despite strong order books for April and May due to previous production controls, some suppliers have started offering discounts to secure sales. As a result, the market is expected to remain weak in the short term.
Moving to slabs, the European plate market continues to struggle. Prices have declined amid weak demand, with local mills quoting between €530–545/tonne. Import sources are less competitive, with Chinese offers dropping from €510/tonne (CIF) to €500/tonne (CIF). CIS and Indian resources are available at €435–462/tonne (FOB). Although there’s no clear recovery in local demand for the second quarter, low inventory levels in Southern Europe and expectations of new projects in Northern Europe later this year may provide some support. The heavy plate market is likely to remain stable or see a slight rebound in the near future.
In the rebar segment, the European market has hit a bottom. German rebar arrival prices have dropped to 500–510 Euros/ton, while France and Spain see prices at 490–500 Euros/ton. Italian rebar prices have fallen further to 450–460 Euros/ton. Due to extremely low prices, some Italian steel mills have stopped quoting and withdrawn from the market. However, one mill has begun raising prices by 20 Euros/ton, with the latest factory price at 470–480 Euros/ton. With recent increases in scrap prices and reduced steel supply, the Italian rebar market is expected to stabilize soon, with other European markets also showing signs of a gradual recovery.
In the steel section, the European market has seen further declines. Nordic angle steel arrival prices fell from €600/tonne to 585–590 Euros/tonne, with some transactions hitting as low as €580/tonne. Small sections are arriving at 540–550 Euros/tonne. In Southern Europe, the ex-factory price of angle steel dropped from 570–590 Euros/tonne to 540 Euros/tonne, while small sections are being sold at 510–530 Euros/tonne. With demand for long products and steel prices at historic lows, some steel mills have begun halting production to avoid further losses. It is anticipated that the supply-demand balance will gradually improve in the coming months, leading to a stabilization in steel prices.
Safety valve lobe pumps: Built-in safety valve is the most important way to protect the pump. This is a special sanitary safety valve designed and developed by our company, with sensitive response, compact structure, beautiful appearance and so on.
Safety valve lobe pumps, Safety valve Rotary pumps, Safety valve Rotary lobe pumps, Safety valve Rotor pump, Safety valve Stainless Steel Rotor pump
NINGBO DURREX PUMPS CO.,LTD , https://www.durrexlobepump.com