Medium Sections and Rebar
Prices Rise in Northern Europe
Steel beam selling values increased, in Denmark, this month, buoyed
by rising scrap costs. Consumption is satisfactory. Delivery lead
times, from regional mills, are between four and six weeks. Private
and public sector housebuilding activity is at a high level, in
Sweden. Demand for apartments, for young people, is growing. A
sharp, upward steel price hike, in Finland, was buoyed by increased
scrap expenditure and healthy sales volumes. Beam selling figures
were lifted, in late December, in the Netherlands. Further
increments are expected. Construction activity is strong, in Norway.
This helped to boost ex-mill values for sections, this month.
Rising scrap costs contributed to increasing rebar prices, in
Denmark, in January. The mild winter, so far, has allowed
infrastructure projects to proceed – resulting in healthy rebar
consumption. The construction sector is busy, in Sweden, without
serious disruption from the weather. Substantial rebar price hikes
arose from strong demand and soaring scrap outlay. Sales picked up,
in January, in Finland, following a seasonal slowdown, in December.
Growing raw material expenditure, for the mills, supported
increasing rebar values. Distributors succeeded in passing price
hikes on to end-users. Material from Russian producers is cheap but
offers from southern European mills are becoming less competitive.
The Netherlands economy is booming – especially the housing sector.
EU mills are busy. Turkish suppliers are present, in the market, but
their offers are not attractive. Construction and infrastructure
activity is at a high level, in Norway.
Steel Review Supplement - January 2018 Edition
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Nordic Index and MEPS Nordic
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