03har schreef op 21 mei 2021 12:13:
EUROPE HDG: Upward trend continues, some mills sold out for 2021
Domestic prices for hot-dipped galvanized steel coil in Europe increased further in the week to Wednesday May 19, due a shortage of material and strong demand, sources told Fastmarkets.
They said some mills had claimed to be sold out until the end of the year, while others had almost zero tonnages available for spot buyers.
Both end consumers and distributors have low stocks of HDG and have been struggling to source the required volumes, they added.
As a result, prices rose further and are expected to move up again even though market participants have expressed growing concern over possible supply disruptions due to a lack of the material.
On Wednesday, ArcelorMittal increased its coil prices across Europe by another €50 per tonne, putting its latest HDG offer price at €1,300 ($1,587) per tonne...