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 - 22.09.2016


German basis values rose, in August/September, due to limitations on the amount of material available from both European and overseas producers. According to the latest edition of MEPS European Steel Review, supply remains restricted, especially for coated products, with delivery lead times out to the year-end and beyond. Service centre stocks are reducing quickly as a number of end-users, who would normally place direct business with the mill, are buying from distributors in order to access steel more quickly.

Italian service centres report supply tightness. However, their margins continue to be squeezed. For the moment, customers are reluctant to pay more. The distribution sector has too much capacity and a number of stockists are still selling quite aggressively.

In the UK, the majority of strip mill product prices advanced, this month, as continental European producers lifted basis values to offset the weaker pound sterling. Suppliers are now talking of an additional rise. Most distributors are applying the mill increases, so margins are acceptable. Stocks are low due to supply shortfalls. We detect little availability from traders.

Belgian buyers stated that the push for higher prices does not reflect any similar growth in demand, although service centre sales are reasonably good. Mill order books, for most strip mill products, are full to December, or even beyond. Quantities are very limited and there are delays on already long delivery lead times. Distributors report that the higher mill prices cannot be applied to resale values in all cases.

A perceived lack of availability led to higher basis numbers in Spain. Service centres are concerned that their customers will only partially accept the mill rise. Some buyers anticipate that the supply issues may be resolved by the first quarter 2017. Not least, because competitively-priced imports are on offer from a number of third country sources, not affected by antidumping measures.

MEPS - European Steel Review - September 2016 Issue

Also See: MEPS - EU Steel Prices Online



Sign up for free MEPS steel news alerts

Enter e-mail address *Required


If you are a journalist please tick here:       

MEPS International Ltd - Serving the Global Community