In terms of steel sheet, HRC market bearish sentiment spread to the cold coil market this week, offer of cold roll coil in Ruhr of Germany fell by 10 euros / ton, quoted at 435-445 euros / ton.

In terms of steel plate, in October, the European plate market sentiment pessimistic, most market participants believe that prices have not yet bottomed out, more likely to continue downward, but the decline should be narrowed compared with September, on the whole fourth quarter steel plate market difficult to rebound. In September, prices of steel plates inEuropefell by USD20-25 / ton.

Currently, the basic price of plates grade S235JR in Ruhr of German is euros 430-440 / t, but the offer is lower in South and Eastern Europe, in which Italy plate ex-works price quoted at 370-390 euros / ton, Eastern Europe Plate ex-works prices less than 390 euros / tonne, the fierce market competition, the greater the NWE market pressures. 

                                                          XINSTEEL NEWS