FRENCH STEEL PRICE ROUNDUP FROM MEPS INTERNATIONAL LTD
In France, hot rolled coil
prices are unchanged month-on-month according to MEPS. Negotiations
are ongoing in many instances but buyers remain unsure that the
higher price can be implemented.
Hot rolled plate basis figures are on the rise, following a
significant reduction in volumes offered. German customers have been
ordering large quantities in France, reacting to the slab shortages
in Poland. This has led to expanding delivery lead times of nine to
Selling values, for cold rolled coil, are the same as those
published in our July issue. Activity remains subdued.
The French vehicle manufacturers are faring slightly better than
earlier in the year, which could help producers to lift coated steel
prices. Consumption, in general, is tepid.
Prices for drawing rod are at the level reported two months ago.
Those for the mesh quality are also the same as in July.
Producers are looking for an advance of €10/20 per tonne for
Category 1 sections. This was still under negotiation at the time of
MEPS research as many distributors still have sufficient stocks. The
rise will be easier to secure on the larger sizes.
Construction activity is weak. Industry participants are still
waiting for the government to implement measures to boost private
construction. Public infrastructure is faring better. Producers have
gained a modest, cost-driven price hike for rebar.
Merchant bar effective values are up through the application of the
new size extras. There has been no revival in sales volumes.
European Steel Review
- September Issue
MEPS - EU Steel