EUROPEAN STEEL PRICES STEADY BUT IMPORT THREAT REMAINS
European flat product steel
prices stabilised, in February, to halt the negative price pressure
that had occurred for much of last year.
In February’s issue of the European Steel Review, MEPS reports that
Italian and UK transaction values advanced, this month, after
European steel mills announced price hikes for first trimester
In Italy, local producers secured slight price increases as
distributors noted a demand pickup since the start of the year.
Delivery lead times extended, in the UK, as domestic wholesalers
report strong order intake.
German flat product prices may have reached their lowest point as
domestic selling figures were similar, to a month ago. However,
buyers are hesitant to place orders at higher price levels.
In France and Spain, weak domestic demand and a high level of import
penetration from non-EU sources may hamper steel manufacturers’
efforts to lift transaction values.
Source: MEPS -
European Steel Review
- February 2016 Issue
MEPS - EU Steel
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