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Home > MEPS Steel News - 22.09.2015

NORDIC STEEL MARKET ROUNDUP FROM MEPS

Market conditions continue to be challenging across the Nordic region, according to MEPS. Cheaply priced imports of hot rolled coil, being offered in northern Europe from Russia and China, are applying negative pressure on local selling figures.

Purchasing activity for commodity plate is reasonable, but numerous suppliers are fighting for every order. There is added competition from Russia and the Far East.

Cold rolled coil end-users are buying only for their immediate needs. EU antidumping measures may reduce competition for local producers. The Finnish economy is slowing. Consumption of cold rolled coil, in this country, is stable at a low level.

Coated coil prices continue to slide and profit margins are under pressure, for producers and stockists. Sellers in Denmark report steady demand from the automotive sectors in Sweden and Germany. Similarly, Norwegian distributors report good sales to this part of the market.

Drawing quality wire rod prices fell. Business activity remains stable at a reasonable level. Supply chain participants expect the same market conditions to persist, in the immediate future. Consumption tends to slow down though as the year end approaches.

Consumption of structural sections and beams is stable but delivery lead times from the mills have been cut to two/three weeks. Demand from the construction sector is satisfactory. Lower scrap prices have placed negative pressure on beam values.

The rebar market continues to be weak. Production overcapacity persists in Europe. This has been exacerbated by the delivery of cheap billets from China. Consumption from infrastructure projects is good, in Sweden. However, falling scrap costs have resulted in lower rebar prices.



Source: European Steel Review Supplement 
- September Edition

Also See: MEPS Nordic Index and MEPS Nordic Steel Prices

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