FRENCH STEEL PRICE ROUNDUP FROM MEPS INTERNATIONAL LTD
According to MEPS, French hot rolled coil selling figures rose
significantly, in early May. A number of suppliers claim there is no
capacity available for additional orders before the summer. A
further price hike is anticipated next month, by those mills that
still have availability.
Commodity plate selling figures soared. Some re-rolling mills are
reported to have temporarily stopped quoting because of expanding
delivery lead times and a lack of visibility on slab prices.
Meanwhile, a lack of material at the ports allowed local producers
to substantially hike cold rolled coil transaction values.
Supply of coated coil is tight. Some large users of this product
have been forced to source more expensive Chinese material. French
spot prices rose sharply.
Increases were noted for drawing quality wire rod in France.
Similarly, recoil numbers advanced significantly, month-on-month.
Order books are filling up more quickly now, even though activity
remains weak in some sectors. Availability is problematic.
June mill order books are three quarters full, for structural
sections, and some stockholders are placing orders without agreeing
prices. However, end-user activity is sluggish. Demand is mainly
fuelled by low inventories and speculative purchasing.
Source: MEPS -
European Steel Review
- May 2016 Issue
MEPS - EU Steel
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