At present, the price of European local hot roll is 758 euros/ton EXW, a month-on-month increase of 90 euros/ton EXW, the real transaction price is about 770 euros/ton. For local hot roll prices rising trend of sustainability, some traders expressed doubts. The main reason is that downstream demand has just recovered, and downstream customers are not willing to accept higher hot roll price, so the trading volume is limited recently, and the price is expected to decline in 1-2 weeks. At present, the increase in the number of orders, plate coil supply is tight. Italian hot roll price at 755 euros/ton EXW, buyers mostly on demand. The price of hot rolls imported from India shipped to Italy is €740 / ton, C&F.

 Since February 1, European steel mills have gradually started selling cold rolled and hot dip galvanizing first-quarter production, and are gradually selling out. Current European local cold roll price in 865 euros/ton EXW, month-on-month up 130 euros/ton EXW. Most of the market is taking a wait-and-see approach and buying on demand because buyers are wary of price continuity