Hot and Cold Rolled Coil
Prices Move Up in the Nordic Region
Demand for hot rolled coil is strong, in Denmark. Western European
mills state that they have sold all of their rolling capacity for
the first quarter and much of the second. Sales tonnages were high,
in Sweden, in January and February, and forward order loads are
healthy. Vehicle manufacturing is buoyant. In Finland, purchasing
activity was quite consistent, through the Christmas and New Year
period. The hot rolled coil market, in Norway, is described as
stable, and a little quiet.
Buyers of cold rolled coil, in Denmark, were forced to pay at least
an additional DKK100 per tonne, in January, compared with the
previous month. Certain mills are now quoting for May deliveries.
Demand from the manufacturing segment – particularly, automotive –
is strong, in Sweden. Ex-mill values are climbing but stockists and
service centres are struggling to pass increases on to their
customers. Cold rolled coil consumption is robust, in Finland.
Producers’ selling figures climbed, slightly, this month. Sellers in
Norway report strong demand from regional carmakers. Prices are
unchanged, in NOK terms, although the local currency has
strengthened, relative to the euro.
Steel Review Supplement - February 2018 Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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