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
Consultancy
MEPS World Steel Prices
Steel Statistics
Independent Studies
Request Free Publications
MEPS Index Steel Prices
Subscribe to Publications
MEPS Steel News
Industry News
Steel Links
Subscription Rates
Add Link To Website
Content for Websites
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 - 23.04.2018

Flat Product Steel Prices Stable in the Nordic Region

Hot rolled coil consumption is steady, in Denmark. Regional mills sought price increases, this month, but buyers resisted, according to the latest edition of MEPS European Steel Review Supplement. In Sweden, while demand from the building sector declined, a little, the overall economy is strong. This is reflected in healthy steel sales volumes. Purchase tonnages are stable, at a high level, in Finland. In Norway, purchasing activity is brisk but is not predicted to increase significantly.

The plate market, in Denmark, is a little subdued but a pickup is predicted, in the near term. European mills continue to push for price increases. However, end-users believe that transaction values are too high and, consequently, stockists are reluctant to agree to the producers’ proposals. Third country import offers are rising. In Sweden, contract prices are up, for quarter two, but the trend in spot values has levelled out. Industrial consumption is healthy. Plate demand is good, in Finland. Selling values are at a high level but did not increase, this month. Producers’ delivery lead times are extending, in Norway. Demand, from machinery manufacturers and the offshore energy sector, is growing.

Buyers, in Denmark, are finding the availability of cold rolled coils, from EU mills, limited. They are, therefore, purchasing more from third country suppliers. The requirement from the manufacturing sector is strong, in Sweden. Sales volumes and transaction values are high. The Swedish currency continues to weaken. Cold rolled coil consumption is steady, at a satisfactory level, in Finland. Prices, are unchanged, in April. Demand is fair, in Norway. However, customers are buying only for their immediate needs, as they expect prices to decline, soon.

In Denmark, the coated coil market remains strong and supply is still restricted. This will begin to ease when ArcelorMittal restarts its galvanising line, in Belgium. For now, prices for thin gauge material are rising but those for MEPS’ benchmark products are unchanged. In Sweden, carmaking activity is very strong and demand from the industrial sectors, generally, is more than satisfactory. Finnish suppliers continue to report good sales to the auto supply chains in neighbouring Sweden and Germany.




Source: European Steel Review Supplement 
- April 2018 Edition

Also See: MEPS Nordic Index and MEPS Nordic Steel Prices

Free Sample copy of MEPS European Steel Review Supplement

 

Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here: