EUROPEAN STEEL PRICES ADVANCE IN MARCH
European flat product
transaction values rebounded, in March, as import pressure from
non-EU suppliers declined.
In March’s issue of the European Steel Review, MEPS reports that
European selling values increased, from relatively low levels, this
month, after falling for much of last year.
Western European steelmakers announced their second price hike,
since the start of the year. Buyers appear to be placing orders at
the higher price level due to a lack of attractive import offers.
Quotations from Chinese mills rose significantly, this month. The
introduction of preliminary antidumping duties on cold rolled coil
from China and Russia also hampered import penetration from overseas
In Germany, customers reported that order intake had improved.
French service centres noted that flat product market activity
remained firm, in March.
Positive price movements have been recorded in Italy. UK selling
figures were boosted by improved distribution activity.
In Belgium, domestic figures are higher than those in February.
Tighter supply availability lifted Spanish transaction values, this
Source: MEPS -
European Steel Review
- March 2016 Issue
MEPS - EU Steel
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