Flat Product Steel Prices
Stable in the Nordic Region
Hot rolled coil consumption is steady, in Denmark. Regional mills
sought price increases, this month, but buyers resisted, according
to the latest edition of MEPS European Steel Review Supplement. In
Sweden, while demand from the building sector declined, a little,
the overall economy is strong. This is reflected in healthy steel
sales volumes. Purchase tonnages are stable, at a high level, in
Finland. In Norway, purchasing activity is brisk but is not
predicted to increase significantly.
The plate market, in Denmark, is a little subdued but a pickup is
predicted, in the near term. European mills continue to push for
price increases. However, end-users believe that transaction values
are too high and, consequently, stockists are reluctant to agree to
the producers’ proposals. Third country import offers are rising. In
Sweden, contract prices are up, for quarter two, but the trend in
spot values has levelled out. Industrial consumption is healthy.
Plate demand is good, in Finland. Selling values are at a high level
but did not increase, this month. Producers’ delivery lead times are
extending, in Norway. Demand, from machinery manufacturers and the
offshore energy sector, is growing.
Buyers, in Denmark, are finding the availability of cold rolled
coils, from EU mills, limited. They are, therefore, purchasing more
from third country suppliers. The requirement from the manufacturing
sector is strong, in Sweden. Sales volumes and transaction values
are high. The Swedish currency continues to weaken. Cold rolled coil
consumption is steady, at a satisfactory level, in Finland. Prices,
are unchanged, in April. Demand is fair, in Norway. However,
customers are buying only for their immediate needs, as they expect
prices to decline, soon.
In Denmark, the coated coil market remains strong and supply is
still restricted. This will begin to ease when ArcelorMittal
restarts its galvanising line, in Belgium. For now, prices for thin
gauge material are rising but those for MEPS’ benchmark products are
unchanged. In Sweden, carmaking activity is very strong and demand
from the industrial sectors, generally, is more than satisfactory.
Finnish suppliers continue to report good sales to the auto supply
chains in neighbouring Sweden and Germany.
Steel Review Supplement - April 2018 Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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European Steel Review Supplement
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