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.
Steel Review Supplement - November Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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European Steel Review Supplement
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