European steel market continues to recover

European steel market: continue to recover. Flat steel material prices continue to rise. In Northern Europe, the factory price of hot rolled steel coil is 450 US dollars / ton, 5 US dollars / ton higher than the previous price. The ex factory price of cold rolled steel coil is 560 US dollars / ton, up 10 US dollars / ton. The factory price of galvanized steel sheet is 565 US dollars / ton, which is the same as the previous price.

In Turkey, the ex factory price of hot rolled steel coil is 445 US dollars / ton, 20 US dollars / ton higher than the previous price. The ex factory price of cold rolled steel coil is 560 US dollars / ton, up 20 US dollars / ton. The ex factory price of galvanized steel sheet is 625 US dollars / ton, up 5 US dollars / ton.

Some analysts say that novel coronavirus pneumonia is emerging from the European steel industry, and steel market is showing a trend of continuous rebound. It is expected that the European steel mill may raise its factory price after the EU's decision to review safeguards at the end of this month.