NORDIC STEEL MARKET ROUNDUP
According to MEPS, declining raw material costs and shrinking
delivery lead times, from the mills, are putting negative pressure
on hot rolled coil prices. Demand from the construction sector
continued to be strong in some areas.
Hot rolled plate selling figures advanced in April, supported by
fair consumption and decreasing import volumes. The mills continue
to push for increases.
Cold rolled coil customers have healthy stock levels after increased
buying activity in the early part of 2017. Consequently, order
placement is slowing. Selling figures are holding up, so far.
The supply of hot dipped galvanised material remains tight. Delivery
lead times are longer than for other strip mill products. Sales to
the auto supply chain are being maintained at a high level.
Demand for wire rod is at a high level. The mills remain busy.
Prices rose this month. With summer approaching, sales to the
construction sector should pick up.
Rebar prices have held steady in April. However, declining raw
material costs may lead to softening prices in the near future. In
Finland, demand is said to be coming from the housing and commercial
building sector, rather than from infrastructure projects.
Steel Review Supplement - April Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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