Global Steel Price News from MEPS (International) Ltd.

 Steel price news, stahlpreis nachrichten, de acero noticias de precios, nouvelles prix de l'acier, 钢材价格新闻, صلب سعر أخبار

  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
MEPS Index Steel Prices
Subscribe to Publications
Steel Statistics
MEPS Steel News
Industry News
MEPS Sponsored Events
Steel Links
Subscription Rates
Add Link To Website
Content for Websites
Contact Us
Site Map
 
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 - Free
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 - 27.10.2014

GERMAN STEEL PRICE ROUNDUP FROM MEPS INTERNATIONAL LTD

According to MEPS, general demand in the German hot rolled coil market is flat, although the pipemakers are enjoying satisfactory order books. Steelmakers have failed to lift fourth quarter basis values. Most big users have now finalised their business for the October/December period

Hot rolled plate stock levels are stable, where distributors’ sales are climbing. The general business outlook is mixed, partly due to the Ukrainian problem and, therefore, investors are holding back. Nevertheless, commodity plate values have advanced a little since our last report.

Domestic suppliers have not implemented their proposed final quarter hike, for cold rolled coil, as there has been no revival in demand since the summer vacation. Construction-related sales of hot dipped galvanised coil are static. In the general market, basis numbers have not recovered due to oversupply. The German vehicle manufacturers continue to try to reduce their steel costs wherever possible, as they struggle with declining export sales.

After six months of level pricing, low carbon wire rod mills have conceded a small discount during recent negotiations. There is little activity in the recoil market, where values are, again, unchanged although there is negative pressure from declining scrap costs.

There is strong competition amidst subdued purchasing activity in the structural sections market. Suppliers have been forced to trim prices to try to stimulate buying interest.
Rebar demand is subdued and there was renewed negative pressure as scrap costs continued to tumble. Producers have lost half the increase secured in September.

The mills have failed to resist customers’ demands for merchant bar basis cuts. Purchasing activity remains cautious as buyers are still unsure of future price movements. There has been no improvement in business levels.




Source:
MEPS - European Steel Review - October Issue

Also See: MEPS - EU Steel Prices Online

 

 


MEPS International Ltd - Serving the Global Community