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Home > MEPS Steel News - 25.11.2015

NORDIC STEEL MARKET ROUNDUP FROM MEPS

Nordic steel prices for flat and long products continue to be under pressure due to stock control measures. Meanwhile, import penetration from Russia and China remains high, according to MEPS.

In November’s issue of the European Steel Review Supplement, MEPS reports that business activity across the flat and long products sector is relatively weak going into the new year with no immediate signs of demand recovery in the first quarter of 2016.

There is growing evidence that Nordic customers are prioritising their end-of-year stock position, which is constraining demand on the steel mills. Increased import volumes from outside the EU are putting further downward pressure on domestic prices.

Significant price reductions have been secured by wire rod customers, while short lead times are reportedly being offered by medium section and beams producers.

Low-priced material from China and Russia is putting downward pricing pressure on the reinforcing bar supply chain. Market activity for merchant bar is fair but margins are low.



Source: European Steel Review Supplement 
- November Edition

Also See: MEPS Nordic Index and MEPS Nordic Steel Prices

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