NORDIC STEEL MARKET ROUNDUP
According to MEPS, hot rolled coil transaction figures are largely
unchanged across the Nordic region. Demand from the construction
sector is strong in some areas. In Finland, producers continue to
seek substantial price hikes but customers are resisting. They may
have to concede a rise next month.
Consumption of hot rolled plate is satisfactory. We have reports of
increased selling figures bring proposed for May/June deliveries in
Finland. However, we have no confirmation of deals being agreed at
these new levels.
Supply of cold rolled material is tight. Major EU mills are fully
booked until June. Many buyers are sourcing material from outside
Europe. Delivery lead times are extending. Buyers expect increased
values for second quarter contracts.
Delivery lead times for coated coil are long. Supply problems were
amplified by the threat of antidumping action, with purchasers wary
of buying from China and Russia. Further price hikes are foreseen.
Demand for wire rod is reported to be steady. Steelmakers’ scrap
costs have risen. Consequently, buyers believe that an uptick in
selling values is likely, in the near term.
Sales tonnages for rebar are healthy. Construction activity is at a
high level, especially in Sweden. Tight scrap supply led to price
increases in some countries. Buyers foresee selling values climbing
in the near future.
Steel Review Supplement - March Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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