Home Company Profile Steel Industry Analysis Meps Publications Consultancy Independent Studies
 
MEPS Steel Prices On-line MEPS Steel Reports On-line MEPS Industrial Sector Steel Price Index

Company Profile
Steel Industry Analysis
MEPS Steel Publications
Steel Consultancy
MEPS World Steel Prices
Independent Studies
Request Free Publications
Steel Statistics
MEPS Index Steel Prices
Subscribe to Publications
MEPS Steel News
Industry News
MEPS Sponsored Events
Steel Links
Subscription Rates
Add Link To Website
Content for Websites
Contact Us
Site Map

MEPS STEEL PRICES ON-LINE
World Carbon Steel Price
World Carbon Steel Price Index
EU Carbon Steel Price
EU Carbon Steel Price Index
Asia Carbon Steel Price
Asia Carbon Steel Price Index
North American Carbon Steel Price
North American Carbon Steel Price Index
Flat & Long Carbon Steel Price
Flat & Long Carbon Steel Price Index
All Products Composite Steel Price & Index
Stainless Steel World Price
Stainless Steel World Price Index
EU Stainless Steel Price
EU Stainless Steel Price Index
Asia Stainless Steel Price
Asia Stainless Steel Price Index
North American Stainless Steel Price
North American Stainless Steel Price Index
Home > MEPS Steel News - 08.07.2015

EU STAINLESS STEEL MARKET ROUNDUP FROM MEPS

The depressed oil price has resulted in lower plate demand from the offshore sector, in Western Europe. However, the weak euro has helped mills in the region to increase sales in export markets. Scarce stainless steel scrap is pushing up input costs and squeezing the producers’ profit margins. Demand is showing signs of improving and rolling capacity is being booked further in advance. Basis prices are steady in Germany and France. Demand has been subdued, in the latter country, in May and June. End-user activity is described as “quite reasonable”, in Italy. There is little imported material being offered.

Demand is patchy, in the United Kingdom, but overall sales volumes are stable. There is no sign of an upturn in consumption, as the summer holiday period approaches. Selling values are low and profit margins are narrow. There is fierce competition between suppliers. Sales activity has slowed, in Spain, during the last three months. Stockholders and service centres are purchasing only small amounts of material.

Stainless cold roil coil buyers in Germany and France have resisted basis hikes but the mills are seeking higher figures for September deliveries. With alloy surcharges set to decrease further, sellers are keen to offset some of this loss, at least. The EU antidumping action has reduced the volume of imported material, in Italy, but it has not boosted prices. The mills’ service centres are offering very competitively. As a result, distributors’ selling values are very low and their profit margins are small.

Demand is very weak, in the United Kingdom. Consequently, stainless cold rolled coil basis prices are unlikely to rise, in the near term. Producers are claiming a healthy order load but buyers report plenty of material available. Ex-mill basis figures are stable, in Spain. However, ex-stock prices are said to have slipped as sales volumes have decreased.

End-user demand for stainless steel bars is stronger in Spain than in most other Western European countries, although it varies between different products. Nevertheless, sellers’ profit margins are
tight and transaction values continue to slide, driven by the downward trend in alloy surcharges. Demand for stainless bar products is very poor, in the United Kingdom. Order intake from the oil sector and machinery manufacturers has slowed.


Source: MEPS - Stainless Steel Review - June Issue

Free Sample copy of MEPS Stainless Steel Review


 

 


Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here: