STEEL PRICES RISE IN
According to MEPS, sales activity for hot rolled coil is good, for
the time of year, across the Nordic region. The mills secured part
of their proposed hike.
Small advances were noted for hot rolled plate selling figures, in
November, for the majority of Nordic countries researched. Demand is
steady, albeit at a lower level than suppliers anticipated for this
Western European mills’ cold rolling schedules are booked well into
the first quarter of 2017. This, coupled with antidumping measures
against Chinese material, is helping the producers, in northern
Europe, to lift cold rolled coil prices. Demand is healthy.
The availability of hot dipped galvanised steel is tight. This
situation will be exacerbated if the EU proceeds with antidumping
action against Chinese suppliers. Demand is strong due to the
healthy auto sector across northern and Western Europe.
Beams suppliers are facing competition from southern European
producers and German stockists. Some mills have managed to secure
slight price advances as a result of rising raw material costs.
Rebar consumption is currently at a high level, throughout the
Nordic region but demand over the winter period will be dependent on
weather conditions. Selling numbers are beginning to follow scrap
costs in an upward direction.
Merchant bar producers are trying to raise selling values but they
are competing with German distributors, who hold material bought at
low figures. Strong economic activity, in Sweden, is translating
into order volumes from domestic OEMs.
Steel Review Supplement - November Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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