UPTREND CONTINUES IN
NORDIC STEEL MARKET
According to MEPS, hot rolled coil selling figures, across the
Nordic region, continued to rise in January. Purchasing activity is
at a good level. Demand from the construction sector is strong.
Hot rolled plate prices continued to rise. Mill input costs are
increasing. Buyers report competitive offers from Eastern Europe and
Cold rolled coil producers pushed for higher selling figures, this
month. The EU antidumping measures against suppliers from China are
benefitting local steelmakers. Increases are being passed on, at
least in part, to end-users.
Demand for wire rod, during the first two weeks of January, was
quiet. However, order placement is expected to pick up quickly due
to the onset of new projects.
Steel beam prices increased, supported by the upward movement in
scrap costs. Demand is expected to remain steady, at a high level.
Sales to the construction sector continued to be healthy.
Rebar suppliers announced scrap-based price increases for January.
Good infrastructure and building activity is driving healthy sales
Merchant bar producers continue to push for rises in selling
figures, citing increased raw material costs. Demand from the
manufacturing sector is expected to hold up.
Steel Review Supplement - January Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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