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
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 - 17.12.2013


As anticipated, the basis increase proposed by the European flat products producers for the first quarter 2014 has not been secured for January production. Demand remains slow across the region. Negotiations for the remainder of period one are ongoing.

Not all deals for delivery in the first trimester have been concluded, in Germany. However, those companies that have settled report a “no change” situation, certainly for January business. Some mills are still hoping to charge more for February/March. Demand is still slow, although forecasts for 2014 are better. Stock levels are normal, with a number of service centres trying to offload material at cheap prices before their fiscal year-end. This could lead to a period of restocking in the New Year.

In France, distributors are refilling their inventories for the start of 2014. However, prices for the first quarter have not yet been finally agreed as market participants wait for the outcome of the contract negotiations with the auto industry. Mill attitudes towards first trimester basis values range from ArcelorMittal’s proposed €30 per tonne increase to stabilisation or even a decrease. Forecasts still predict a slight improvement in steel market activity next year.

Italian domestic demand is weak with few transactions being concluded in the final few weeks of this year. There is still a large amount of economic uncertainty which is especially affecting the auto and construction sectors. Activity in the latter industry is expected to reduce again in 2014, due to a lack of investment. The proposed price rises have succeeded in halting any further deterioration.

A number of UK distributors state that business levels in November were not quite as buoyant as the previous month but were still reasonably good. Resale values are firm, leading to improved profit margins. The rise proposed by the mills for the start of next year has not been charged for January rollings. However, if demand continues to strengthen it may well be implemented for February or March. Importers are continuing to use exchange rate volatility to their advantage.

MEPS - European Steel Review

Sign up for free MEPS steel news alerts

Enter e-mail address *Required


If you are a journalist please tick here:       

MEPS International Ltd - Serving the Global Community