Prices Approach Bottom in the Nordic Region, Upturn Expected Soon
According to MEPS, hot rolled coil prices decreased, in Denmark, in
July, compared with the previous month. Stockists have plenty of
material and can wait until after the summer break to place
substantial orders. Spot values continued to fall, this month, in
Sweden. In Finland, hot rolled coil sales activity is at a higher
level than is usual, at this point in the summer. Order volumes are
fluctuating, in Norway. A slowdown is expected, around the summer
holidays. The building industry remains busy.
The Danish economy is quite healthy but purchasing of cold rolled
coil is slowing as the summer holiday season begins. Several
stockists are buying only to fill holes in their inventories. Spot
prices fell, during the past month, in Sweden. However, with strong
demand and rising mill input costs, MEPS predicts an upturn in
selling values, after the summer break. Cold rolled coil purchase
volumes are holding up, in Finland. Industrial activity is
increasing, in Norway. Mill delivery lead times are stretching and
will be further affected by the summer shutdowns.
In Denmark, coated coil sales volumes to the automotive supply
chains, in northern Europe, are good. Nevertheless, supply has
loosened, a little, and prices slipped, this month. In Sweden,
consumption by the local car industry remains very strong. The price
cut, for July, will probably be the last, for a while. In Finland,
sales tonnages, to car makers and their suppliers, in nearby
countries, are very satisfactory. Sales are steady, in Norway.
Selling values are unchanged, this month.
Steel Review Supplement - July Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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