European buyers buy significant volumes of CRC from China

European buyers have purchased substantial volumes of cold-rolled coil from China for the first time in about five years, despite the product being subject to anti-dumping tariffs, sources told Fastmarkets on Monday May 10.

Several lots of about 27,000-32,000 tonnes were booked in Northern Europe, Italy, Spain and Poland at €1,200 ($1,460) per tonne delivered, two sources said. Transport and additional costs in Europe have been estimated at about €50 per tonne. The material will be exported by various Chinese suppliers. It will be shipped in August and delivered to Europe in October.
One Italian source estimated that Chinese suppliers had sold about 30,000-50,000 tonnes of CRC to the Europe.
“The price was $1,050-1,100 per tonne cfr plus anti-dumping duty. The most important mills sold,” he added.
Offers are “around €1,180 per tonne cif, duty paid from Shougang and Ansteel,” another Italian distributor said.

At the end of last week,...

Published

Maria Tanatar

May 10, 2021

16:58 GMT

London