EU FLAT PRODUCT STEEL
PRICES EXPECTED TO PEAK IN MID YEAR
According to MEPS, Restricted availability
continued to boost strip mill product prices in most European
countries, in February. Supply remained extremely tight and domestic
mill delivery lead times stretched well into the second quarter.
However, third country imports, from sources not affected by
antidumping measures, are becoming more interesting to steel buyers.
In many instances, prices are lower than those being sought by
domestic steelmakers. Moreover, delivery lead times from outside the
EU compare quite favourably with domestic ones, at present.
Local producers want to implement further advances as soon as
possible, despite fairly stable input costs. Inventories at service
centres and consumers are sufficient, currently, due to heavy
purchasing at the start of the year. Buying activity was quiet, in
February. Consequently, it is too early to judge whether the new
target values can be secured for all strip mill products. The
extremely restricted supply situation, in the hot dipped galvanised
coil market, makes this the most likely product for successful
implementation of the increases.
Source: MEPS -
European Steel Review
- February 2017 Issue
MEPS - EU Steel
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