BELGIUM STEEL PRICE ROUNDUP FROM MEPS INTERNATIONAL LTD
Belgian mills have conceded
discounts for hot rolled coil, in July, according to MEPS. Buyers
foresee additional discounts being offered in the short term.
Cold rolled coil prices have decreased. Chinese and Russian material
is arriving in the country through Italy. Coated coil selling
figures have also reduced. Buyers are expecting considerable
quantities of third country material to arrive in Antwerp during the
summer holiday period.
Drawing quality wire rod prices remain steady in Belgium. Demand
continues to be subdued. Discounts have been reported for large
structural section orders. Technical problems at CSN’s mill in
Thüringen have forced the plant to close until after the summer
holidays. This is making buyers nervous. Consequently, some
customers are ordering from alternative suppliers. Price increases
are expected in the short term as mills’ order books are filling up
A price increase has been noted in the rebar market. Service centres
reported better order books for June, following a quiet May. The
construction sector is holding up well. Higher prices are unlikely
to be secured during the holiday season.
Merchant bar transaction values have softened. Beltrame is
attempting to increase size extras. However, other suppliers have
not done so. Consequently, they have not been accepted in the
market. Distributors’ resale prices remain low.
European Steel Review
- July Issue
MEPS - EU Steel
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