ITALIAN STEEL PRICE ROUNDUP FROM MEPS INTERNATIONAL LTD
Italian hot rolled coil prices
have decreased, in September, according to MEPS. Distributors and
end-users are already starting to reduce inventories for the end of
year. They will only buy for immediate needs. Domestic suppliers
have been forced to align their selling values with import offers.
Hot rolled plate re-rollers are beset with problems as export
markets are depressed. Moreover, transport costs prevent them from
selling in the higher demand region of northern Europe. Falling slab
costs, together with low import offers, will, no doubt, influence
future pricing policies.
Cold rolled coil basis figures have declined. Large quantities of
third country material have arrived in the country. Service centres
report that demand has been reasonable since the return from the
summer holidays as auto and white goods activity picked up, albeit
from a low level. However, resale customers continue to push for
Structural sections transaction values have stabilised, after
falling in July, despite negative movements in the scrap market. The
construction sector is suffering from a lack of investment in major
infrastructure projects. Purchasing activity has been slow since the
return from the holidays.
Demand for rebar remains light after the holidays. A lack of export
opportunities has put further downward pressure on domestic basis
values. Meanwhile, merchant bar buyers have secured a marginal price
reduction during recent negotiations.
Source: MEPS -
European Steel Review
- September 2015 Issue
MEPS - EU Steel
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