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 - 19.02.2014

EU STEEL MILLS HAVING DIFFICULTY LIFTING PRICES FURTHER

MEPS International Ltd has noted a degree of price stability in the European flat products market over the last month. Steelmakers continue to push for higher prices, proposing between €30 and €40 per tonne, in order to boost their low profit margins. However, the announcements and the reality are somewhat different. Buyers believe the target figures are unrealistic, given the present state of end-user demand. Consequently, they continue to try to resist the mills’ aspirations. Prices for some quarterly contracts have already been rolled over from period one to the second trimester.

With the exception of a small pickup in activity during January, as companies concluded business for February/March, German demand has remained flat. Consumption in the second half of 2014 is expected to be better.

Despite the mills’ announcements of increases, French basis numbers have been largely stable over the last month. Delivery lead times remain short, at around three weeks maximum for new production. There is limited third country import penetration.

The Italian economy is slow and steel market activity is not picking up, despite optimistic announcements on GDP. Final demand is weak, with only small tonnage orders being concluded. Distributors are unable to lift resale prices and, therefore, they are unwilling to pay more to steelmakers, regardless of producers’ efforts to persuade them.

Several UK service centres report a more encouraging business environment, with this January’s volume much higher than in the previous year. They have reasonably good order books and resale values are steady.

Market sentiment has recovered a little in Spain, where steelmakers have successfully pushed for small basis increases, despite no sizeable improvement in demand. Distributors are now trying to lift resale values amidst resistance from end-users. Service centre objectives are to keep inventories as low as possible.




Source:
MEPS - European Steel Review

Also See: MEPS - EU Steel Prices Online

 

 

Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here:       


MEPS International Ltd - Serving the Global Community