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 - 20.02.2018

EU Plate Prices Climb on Reduced Import Volumes and Elevated Slab Costs

Further upward pressure on European commodity grade plate prices was noted, in February. Rises of between €20 and €50 per tonne were implemented, depending on the source of supply. Slab costs continued to escalate. Plate imports are less disruptive than of late, as overseas quotations move up.

In Germany, an upward price adjustment was secured, this month. Stock replenishment is underway at several large distributors. Sales to the earthmoving and mining sectors have strengthened. Overall demand is stable. In the linepipe market, where several large projects will be finalised during 2018, some uncertainty regarding future activity levels is developing.

French selling values rose, in February. Further increases are anticipated by buyers, to offset more expensive slab costs. Nonetheless, distributors struggle to pass on the mill hikes to their customers. Although major stockists and fabricators booked significant quantities, in December, they are looking to purchase again as delivery lead times are quickly increasing.

Slab feedstock is expensive and difficult to secure, forcing Italian rerollers to instigate price increases, this month, for finished products. The economy is improving and, with it, sales of plate.

End-user demand in the UK is relatively quiet, at present, although a number of service centres report better sales volumes. The full implications of the collapse of construction giant, Carillion, are unlikely to be felt until the end of the first quarter. Market values moved up in the last few weeks. Offers from continental Europe and from India are higher than those for local material. Strong competition continues to blight the distribution sector, with many stockholders working on very low margins.

Belgian figures were boosted, as a result of relatively good consumption, rising slab costs and expensive import quotations. In Spain, domestic prices rose. Offers from India are considered to be too costly, at present.




Source:
MEPS - European Steel Review - February 2018 Issue

Also See: MEPS All Products Composite Purchasing Price & Index

 

 

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