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European fall in prices for rental proceeds

According to the summary data of European traders, continuing the negative price trend for hot-rolled steel sheet in the EU. In particular, as of October 14−15, Italian manufacturers offering this type of rental at a price of 460 euros / ton on terms not even EXW, and DDP (on the terms of payment within 90 days from the date of delivery). It's only 20 euros more expensive than the Chinese rolled metallurgists Celestial proposed at a price of 440 euro per tonne CIF FREE OUT conditions (CIF option, in which unloading of cargo is carried out by the seller). However, European traders do not exclude that in the near future prices can fall to 400 euros / tonne.

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