European  Hot coil producers are optimistic about the expectation of price rise, which will support the expectation of price rise in the future. Traders will replenish their stocks in March, and the transaction price of small tonnage is expected to be 820 euros/ton EXW, considering that the terminal demand has not yet recovered Completely, some buyers are skeptical about the expectation of sustained price increases, mainly due to the limited increase in demand from the automotive and construction industries, which rank the top two in downstream demand in Europe.

In terms of cold coil and Hot Dipped Galvanized, due to the increase in orders from local factories, the output increased slightly and the price rose. The current domestic cold Coil price in Europe is EUR 940/ton EXW (USD 995)/ton, an increase of USD 15/ton compared with the previous day, and an increase of about USD 10/ton week-on-week. The driving factor for the price increase is the reduction in supply. It is reported that most Steel mills in Europe can deliver cold coils and hot-dip galvanizing in May-June, and some coils delivered in June have basically been sold out, which reflects that the current market orders are sufficient and manufacturers have no delivery pressure , so there is no willingness to lower prices.

In terms of imported resources, there are not many resources and the price is high (also one of the factors supporting the rise in local prices). The delivery price of Vietnamese hot-dip galvanized (0.5mm) in May is US$1,050/ton CFR, and the transaction price is US$1,020/ton Tons CFR, so the above prices are higher. At the same time, the quotation of hot coil in Southeast Asia in May is 880 euros/ton CFR, which is about 40 euros/ton higher than the transaction price of Korean resources three weeks ago.