European steel market remained stable z

Z galvanized steel side, remained stable. Since iron ore and scrap prices rebounded sheet market weakness in Europe stabilized, but the larger the short-term rebound in difficulty. Current European hot rolled steel factory base price stable at € 435 / t , cold rolled stable at € 520 / t . A steel sheet prices have stopped falling believe , but the price will not last long , the latter is expected to rise. Due to full order , mills until the end of May will accept new orders , hot rolled target price is expected to be € 460 / t . Plate , despite steel prices rising, but so far the market price remained stable. Unlike previous sheet prices, since there is no obvious ups and downs this year plate market , the current northern European plate ex-factory price of 500-530 euros / tonne , ex-factory price of Southern Europe 500-510 euros / tonne , the major steel mills are not accepted € 500 / t transaction.

Long products , remained stable. Z European steel prices remain under downward pressure , class 1 z -beam delivery price remains 520-530 euros / tonne , depending on the volume , the actual transaction price is lower than this level. March scrap price weakness in Europe , and z sluggish steel market demand , competition , steel is difficult to obtain orders. A German steel mill given orders for 200 tons delivered price of € 530 / t , and the other Nordic mills for large orders given delivery price is as low as 500 euros / tonne , a French dealer gives the delivery price of € 520 / t , but is expected to be the highest bid of € 515 / t . After entering in April , due to the scrap prices are expected to rebound and recovery needs , z steel prices are expected to rise slightly .