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Home > MEPS Steel News - 27.09.2016

NORDIC STEEL MARKET ROUNDUP FROM MEPS

According to MEPS, demand for hot rolled coil is steady across the Nordic region. Total sales tonnages in 2016, so far, exceed those in the same period last year.

Hot rolled plate prices are stable, at present. Buyers do not foresee substantial increases before the end of this year. In Sweden, demand from the commercial vehicle and building sectors is strong.

Regional producers’ strong order loads are putting upward pressure on cold rolled coil selling figures. Buyers believe that they will have to concede some part of the mills’ proposed price increase.

Galvanised coil sellers report continued good sales to the automotive supply chain. Supply is limited, in Europe, due to earlier mill outages. Chinese material is available but some buyers are cautious regarding its quality.

Excess wire rod production capacity persists, in Europe. Order intake is quite slow. No dramatic change in market conditions is foreseen.

Demand for structural sections is strong from the construction sector. However, after steep increases during the second quarter, selling figures are now following raw material costs, on a downward trend.

Merchant bar transaction values continued on a downward trend and may yet have further to slide. Sluggish consumption and decreased input costs contributed to the fall in prices.



Source: European Steel Review Supplement 
- September Edition

Also See: MEPS Nordic Index and MEPS Nordic Steel Prices

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