European GI Hot Dipped Galvanized Steel coil prices are currently on an upward trend. ArcelorMittal announced that the price of GI Galvanized Steel Coils is 850 euros per ton EXW (900 US dollars / ton), followed by other steel mills. basically remained stable. Part of the reason for the price increase is that roads and infrastructure were damaged due to the earthquake in Turkey. Therefore, some steel mills in Europe that import raw materials from Turkey have to import from other countries at this stage. Under the uncertain factors such as cost and transportation time, the price There may be further upside.

But some market participants believe that the price increase may not last long. First of all, in order to promote the entry of low-priced imported resources into Europe, Indian orders before December last year are expected to arrive at the end of the first quarter of this year. In addition, there are still some unsold resources in the market. If the actual market demand is not good and the transaction is insufficient, the price may will be lowered again.

At present, many steel mills in Europe have restarted production, and the terminal demand was not very strong throughout January. Even after entering February, the increase in demand is slightly insufficient, and the uncertainty of future demand still exists.