Nordic hot rolled coil prices remained stable

On August 11, the ex factory evaluation price of Nordic hot rolled steel coil was US $1335 / ton, down US $10 / ton from last week.

Due to the traditional summer break and the seasonal slowdown in demand, the European market was relatively calm this month. Market participants said that the trading activity is expected to resume in early September. Due to the sufficient supply of hot rolled coil resources at home and abroad and the buyer's sufficient inventory, it is unlikely that the price fluctuation and trading volume of hot-rolled coil will be too large at that time.

However, other market participants believe that the inventory of downstream users is not enough to support their long-term production, so trading activity will resume soon. In addition, the auto industry may place a large number of orders in early September, thus reducing the supply in the spot market.