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 - 19.06.2014

EU STEEL MARKET PRICES UNDER NEGATIVE PRESSURE IN JUNE - MEPS INTERNATIONAL LTD

MEPS reports that, activity in the European flat products sector is unseasonally quiet. Although underlying demand is slowly recovering in several countries, it remains a buyers’ market. Mills have reported heavier order intake lately, as consumption strengthens but supply is still in surplus and delivery lead times quite short. Third country import prices are falling as iron ore costs move down. The reduction in outlay on raw materials is also undermining domestic basis values.

Material can be delivered quite quickly in Germany. Mills are competing strongly for orders. Consequently, the proposed price rise appears to have been put on hold, although producers are not saying this officially. In fact, MEPS has noted some downward movements. Distributors, keen to manage their stocks, are only purchasing when they know they already have orders to fulfil.

News of the French economy is disappointing as manufacturing output fell in April. The steelmakers are looking for rises, offering material at higher prices. However, in reality, when a deal is made and steel is ordered, prices are at the same level as a month ago.

MEPS research showed no recent price improvements in the Italian market even though the producers are pushing hard for increases. Demand is static and, with the summer holidays approaching, companies are already destocking. Customers are waiting until the last possible moment if they need to buy. Delivery lead times are very short because supplying mills are not fully booked. If anything, the economy is likely to slow in July for seasonal reasons.

Although there is more confidence and optimism in the UK flat products market, some prices continue to drift, partly due to the strength of sterling which is encouraging cheaper imports from mainland Europe and further afield.

In Belgium, end-user demand is slower than was predicted at the start of the year. Both they and the distributors are keeping stocks to a minimum. Service centre resale values have been under pressure for several months, creating financial problems for some companies. Steelmakers have stopped trying to lift basis numbers and market players can envisage no movement before the holidays in July and August.

The business climate in Spain is improving, albeit from a low point. More credit is available from the banking sector and the government has provided some tax relief for companies. Steel demand is slowly reviving.



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