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Home > MEPS Steel News - 17.12.2014


Belgian hot rolled coil basis numbers are below those of a month ago, according to MEPS. Delivery lead times are short. Slit coil, that can be delivered very quickly, is extremely cheap, leaving very little margin for the distributor.

Third country import competition has impacted on commodity plate values in December. Domestic steelmakers have conceded another small discount for cold rolled coil during recent settlements. Chinese imports are competitive.

Drawing quality wire rod numbers have been rolled over from November. Steelmakers are not busy as demand is slow. Opportunities for export sales have allowed steelmakers to maintain structural section prices, in spite of cheaper scrap. However, resale margins are being cut.

In the rebar market, distributors are being very cautious and keeping inventories down as steelmakers continue to give away the advantages of cheaper scrap. There is also a threat from Turkish imports. Consumption of merchant bar is down in 2014. We have noted negative price movements since November.


Source: MEPS - European Steel Review - December Issue



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