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The European steel market remained stable

Strip, ArcelorMittal flat again this week price 20 euros/ton, but European coil market remained stable. Hot coil prices at 485-490 euros/ton, cold rolls at 570-580 euros/ton. Although there were no other steel mills followed price increases, but mills were welcomed, mainly European steel mills is seeking to consolidate before the price increase results, ArcelorMittal, a move that the determined attitude of the steel price increases, buyers received the heart Foundation for higher prices. However, now that demand is slowing, market is expected in the short term the European Strip prices or a rise in new space, further recovery in steel prices early next year. Plate, plate market was stable in Europe. Nordic ex-factory price of 550-575 euros/ton, Europe is about 500 euros/ton, imports less competitive. Market January replenishment activities are expected to increase, then plate prices may rise 15-20 euro/ton.