Hot dipped galvanized (HDG) coil prices in Europe stood still
at the end of the week on low demand for steel, market sources
told Metal Bulletin on Friday May 4.
A public holiday on Tuesday in most European countries
contributed to the slow business week, traders had said.
One trader told Metal Bulletin that ArcelorMittal Poland had
brought its HDG prices down slightly, but the price change was
not yet the reduction traders had been expecting.
In addition, national holidays falling on both Monday and
Tuesday in China meant that producers there did not come back
to the market until Wednesday.
"Chinese producers came back with no price changes and so
imports into Europe have remained stable," a second trader
On Wednesday May 2, Metal Bulletin reported domestic prices for
HDG as unchanged at €620-640 ($815-841) per tonne for May
and June delivery, with imports listed at €640-660 per
tonne cfr for delivery in June and July.