FRENCH STEEL PRICE ROUNDUP FROM MEPS INTERNATIONAL LTD
In France, hot rolled coil
prices decreased month-on-month, according to MEPS. Cheap imported
material from Russia and China continues to create downward pressure
on local selling figures.
In the French plate market, prices have gone down as demand remains
flat and there is strong competition between the various suppliers.
Delivery lead times have shrunk.
The domestic mills have failed to hold on to the previous month’s
cold rolled coil figures. Very competitively priced Chinese material
is still available.
Demand from the French vehicle industry has improved since last
year, with car manufacturers increasing their output slightly.
Nevertheless, steel contracts are fixed until June or even
September/December. In the general market, coated steel consumption
remains tepid. During recent settlements, producers have been forced
to concede discounts.
Selling values for drawing rod are lower than those displayed in our
March report. For the mesh quality, suppliers have been unable to
resist downward price pressure during recent settlements.
Rebar basis values went down slightly, in late March/early April,
but have now recovered to their previous level. Producers are asking
for a small advance on the back of slightly higher scrap prices in
April. A small rise, for merchant bar, was negotiated last month but
was then withdrawn as suppliers, other than Beltrame, did not
support the initiative.
European Steel Review
- April Issue
MEPS - EU Steel
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