European steel market: shocks rise. The benchmark steel price index of 107.3 in the region rose by 1.4% on a week-on-week basis (increase in the increase), and rose by 1.7% month-on-month (from a fall), up 23.9% year-on-year.

In terms of flat products: market prices continue to rise. In some parts of the European Union, the ex-factory price of hot-rolled coils was US$655/ton, up by US$5/ton from the end of last month. Cold rolled coils were $745/tonne, up $15/ton. The import price of hot rolled coil in the EU is US$645/tonne (CFR), which is US$15/ton higher than before. Cold rolled coil imports prices of $ 730 / ton (CFR), up $ 12 / ton. Galvanized sheet rolls were 759 US dollars / ton, medium plate 678 US dollars / ton, imports in early July were generally the same as before. In Italy, as import prices have picked up, Italian mills have raised their HRC ex-factory prices to €520-530/tonne ($605-617/ton/tonne). Some steel traders said that although the market is deserted, it is difficult to find hot rolled coil offers below 540-545 euros/ton cif. In Germany, the price of hot-dip galvanizing rose by €20/tonne ($23/ton/ton), and some analysts said that we expect to increase by another 30-40 euros/ton by the end of the year. More insiders said that the upward momentum came from the EU's efforts in establishing safeguards. This is "very positive", coupled with strong demand and lack of imports from Asia, steel mills began to try to raise prices. In fact, the price increase has started in June to July, but it has not been universally realized. The long-term contract price is still around 680 euros, but now the steel mills think that the price is about to rise because the hot-dip galvanizing delivery time is extended and the production has been arranged. Until the beginning of December.

For long products: market prices continue to rise. In the European Union, the ex-factory price of rebar is US$620/ton/ton, up by US$30/ton/ton from the end of last month. Rebar imports price of $ 595 / ton (CFR), up $ 10 / ton. In Poland, the transaction price of rebar is basically stable, despite the intentional price increase of its domestic steel mills. But the market price almost maintains the original price. As of July 13, Poland's domestic 12mm B500B rebar weekly reference price remained unchanged at around 2,250-22,30 PLN (US$602-615) per ton. Some insiders said that although some steel mills tried to increase the ex-factory price of their rebar to 2,300-2,380 ton per ton, there was no transaction after the price increase. According to Polish traders, the price increase of some steel mills is 10-15 euros ($12-18) per ton. He also said that no one would be willing to pay more for rebar at this time before the EU made the final decision on import safeguards. In terms of billet. At the beginning of July, the CIS mill was quoted at US$510/tonne (fob Black Sea), down by US$5/ton.

In terms of trade relations: (1) On July 5, the European Commission’s subcommittee on trade defense measures met to discuss temporary defense measures to be taken on European steel imports. It is reported that the temporary defense measures will be implemented from July 17-18, which will include a 25% tariff on all imported steel products based on quotas; (2) Russia Magnitogorsk Steel Plant, Xinli Companies such as Petsky Steel and Northern Steel applied for the Eurasia Economic Commission to initiate anti-dumping investigations on galvanized sheets imported from China and Ukraine. The survey targets hot-dip galvanized cold and hot-rolled sheets and coils with aluminum-zinc coating. The Eurasian Economic Commission also said that in 2017, China and Ukraine's galvanized sheet was exported to the Eurasian Economic Union countries at dumping prices, of which Chinese producers dumped 16.4% and Ukrainian producers 25.6%.

Brief Intro: According to the operational situation combined with the fundamental situation, the recent European steel market may continue to rise and fall.