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Home > MEPS Steel News - 23.03.2017

DUTCH FLAT PRODUCT STEEL PRICES STABLE IN MARCH


Sales volumes of hot rolled coil are good, in the Netherlands. The mills have indicated that they want an extra €10 per tonne for June rollings.

Cold rolled coil demand is healthy. A number of stockists inform MEPS that they are avoiding the inflated European values by sourcing material from offshore suppliers.

Hot dipped galvanised material is scarce, particularly in the thinner gauges. Consequently, spot selling figures are high.

Wire rod demand is quite stable, in the Netherlands. Regional mills are pushing for raised selling values but they are meeting resistance from buyers.

Construction activity slowed, slightly. A number of projects were suspended pending the outcome of the General Election. A small reduction in transaction figures for beams was recorded. Rising scrap expenditure may push selling values up, in the near term.

Escalating input costs supported a rise in ex-mill rebar values, in the Netherlands, in March. Demand, however, is disappointing and delivery lead times are short.

Consumption of merchant bars is mediocre. Basis prices slipped, this month, leaving stockists holding expensive inventory.



Source: European Steel Review Supplement 
- March Edition

Also See: MEPS Nordic Index and MEPS Nordic Steel Prices

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