Steel Price News from MEPS International Ltd.
Home Company Profile Steel Industry Analysis Meps Publications
MEPS Steel Prices Online MEPS Steel Reports Online MEPS Industrial Sector Steel Price Index

Company Profile
Steel Industry Analysis
MEPS Steel Publications
MEPS World Steel Prices
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 - 22.05.2019

Mills Look to Secure Volumes But Face Fluctuating Demand in Northern Europe

Demand for flat products, in northern Europe, varies by country and by end-use. Selling values, in mainland Europe, continued on the downward trend that began last month. In the Nordic countries, while many prices have been maintained, they are expected to decrease, in the near term. Third country offers are, for the most part, unattractive.

Industrial activity is, generally, stronger in Scandinavia than in the rest of Europe, although Norwegian consumption is a little subdued. Demand for hot rolled coil, in Denmark, from the building industry, is fair. The local economy in Sweden is healthy and delivery lead times from the domestic supplier, SSAB, are stretching. Order activity is weak, in Finland, with selling values unchanged, but under negative pressure. In the Netherlands, regional steelmakers are offering discounts, in an effort to compete with imports and secure market share. In Austria, availability is good and delivery lead times are short.

The Danish hot rolled plate market is relatively quiet and stockists’ margins are being squeezed. Demand is satisfactory, in Sweden and in Finland, but quite slow, in Norway. In the Netherlands, consumption is subdued, and availability is good. Machinery manufacturing is weaker than it was in 2018, in Austria.

Regional producers of cold rolled coil are offering very competitive selling figures, in the Netherlands, in an attempt to secure orders. Inventories are quite high, in Austria. Demand is slowing. In Norway, purchasing activity subsided, in early May, following a busy April. In Denmark, sales, to the offshore oil and gas sector, are good. Swedish domestic industries continue to prosper but a downturn is forecast. Mill order books are moderate, in Finland.

The Danish market for coated sheet and coil is subdued. Sales, in Sweden, Finland and Norway, continue to be adversely affected by the depressed automotive sector. Orders from manufacturers are decreasing, in Austria. No upturn is foreseen, in the near term.

Wire rod purchasing activity is stable, in Sweden. In Finland, demand from the automotive supply chain is weak. Low-priced offers are available, from southern Europe. The local market is quite strong, in the Netherlands, but customers in neighbouring countries are less busy. Ex-mill transaction values decreased in Denmark and in Austria. Most Norwegian domestic prices were unchanged.

Sales volumes of medium sections and beams are satisfactory, in Denmark, but regional mills have spare rolling capacity. In Sweden, the house building and commercial construction industries are busy. Extremely short delivery lead times, in Finland, suggest that demand is weak. Sales are healthy in the Netherlands. Domestic construction activity is good, in Austria and Norway.

Suppliers of reinforcing bars, reluctantly, cut prices, in the Netherlands, amid patchy market conditions. Buyers, however, continue to seek new, competitive sources of material. The Danish market is steady. Sales for construction and infrastructure projects are good, in Finland and in Sweden. In Austria, local sales activity is at a high level. Norwegian domestic consumption is reasonably strong.

Merchant bar purchase tonnages are steady, in Denmark. Prices, however, decreased, in line with wider European markets. Swedish industrial activity remains healthy, but a slowdown is forecast. Sales to the manufacturing sector are good, in Finland. Domestic demand is reasonable, in the Netherlands. Offers from southern European suppliers are very competitive. Regional mills are making very attractive quotations, in a bid to secure order tonnages.

MEPS - European Steel Review Supplement - April 2019 Issue

Also See: MEPS All Products Composite Purchasing Price & Index



Sign up for free MEPS steel news alerts

Enter e-mail address           *Required



If you are a journalist please tick here:                        

MEPS International Ltd.