CZECH STEEL PRICE ROUNDUP FROM MEPS
According to MEPS, Czech hot rolled coil prices continued
to advance in June. However, demand is reportedly flat as market participants
are only buying what they need at the higher price levels. A number of local
producers announced plant stoppages which could tighten the availability of
material over the coming months.
Commodity plate selling figures increased last month. Demand remained steady yet
unspectacular. Discounted deals were reportedly on offer for high volume
bookings as delivery lead times continued to be short.
Cold rolled coil transaction values advanced sharply for the second successive
month, in June. Imports are reportedly at a low level as Russian material,
transported via the Baltic nations, is no longer present.
Hot dipped galvanised coil prices continued to soar. Demand from the automotive
sector is strong as car makers announced a new quarterly sales record.
Demand for wire rod was reportedly solid. However, MEPS expects selling values
to come under negative pressure, during the coming months, if scrap costs
continue to fall.
Czech structural section prices increased significantly in June. Western
European producers, selling into the country, have largely been successful in
achieving price advances.
Steel Review - June 2016 Issue
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