NORDIC STEEL MARKET
ROUNDUP FROM MEPS
Market conditions are
relatively steady across the Nordic region, according to MEPS. The
volume of enquiries and orders, for hot rolled coil, has begun to
reduce as the summer holiday season approaches. Supply chain
participants do not expect any major changes in market conditions
during the third quarter.
Commodity plate consumption is fair. Manufacturing has shown signs
of recovery but the construction sector remains weak. Competition
between suppliers has been increased by imports from Russia.
Demand for cold rolled coil is largely stable. Delivery lead times
are now stretching beyond the summer break. Nevertheless, the
producers have been unable to increase selling values, as yet.
Drawing quality wire rod demand is satisfactory, albeit slightly
below historical levels. Supply chain participants expect activity,
during the next three months, to continue at a similar level.
Consumption of structural sections is fair. Delivery lead times are
quite long, the mills are sold out until the summer holidays.
There is some upward pressure on rebar prices from higher scrap
costs. Consumption is fair. However, imports from Russia and Belarus
are plentiful. In Sweden, sales volumes to infrastructure and civil
engineering projects are good.
Merchant bar market activity is steady and is expected to continue
at the same level after the summer break. Sellers in Finland report
some improvement in demand from the manufacturing sector. Meanwhile,
in Norway, consumption from OEMs is steady at a mediocre level.
Steel Review Supplement - June Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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