Look to Secure Volumes But Face Fluctuating Demand in Northern
Demand for flat products, in northern Europe, varies by country and
by end-use. Selling values, in mainland Europe, continued on the
downward trend that began last month. In the Nordic countries, while
many prices have been maintained, they are expected to decrease, in
the near term. Third country offers are, for the most part,
Industrial activity is, generally, stronger in Scandinavia than in
the rest of Europe, although Norwegian consumption is a little
subdued. Demand for hot rolled coil, in Denmark, from the building
industry, is fair. The local economy in Sweden is healthy and
delivery lead times from the domestic supplier, SSAB, are
stretching. Order activity is weak, in Finland, with selling values
unchanged, but under negative pressure. In the Netherlands, regional
steelmakers are offering discounts, in an effort to compete with
imports and secure market share. In Austria, availability is good
and delivery lead times are short.
The Danish hot rolled plate market is relatively quiet and
stockists’ margins are being squeezed. Demand is satisfactory, in
Sweden and in Finland, but quite slow, in Norway. In the
Netherlands, consumption is subdued, and availability is good.
Machinery manufacturing is weaker than it was in 2018, in Austria.
Regional producers of cold rolled coil are offering very competitive
selling figures, in the Netherlands, in an attempt to secure orders.
Inventories are quite high, in Austria. Demand is slowing. In
Norway, purchasing activity subsided, in early May, following a busy
April. In Denmark, sales, to the offshore oil and gas sector, are
good. Swedish domestic industries continue to prosper but a downturn
is forecast. Mill order books are moderate, in Finland.
The Danish market for coated sheet and coil is subdued. Sales, in
Sweden, Finland and Norway, continue to be adversely affected by the
depressed automotive sector. Orders from manufacturers are
decreasing, in Austria. No upturn is foreseen, in the near term.
Wire rod purchasing activity is stable, in Sweden. In Finland,
demand from the automotive supply chain is weak. Low-priced offers
are available, from southern Europe. The local market is quite
strong, in the Netherlands, but customers in neighbouring countries
are less busy. Ex-mill transaction values decreased in Denmark and
in Austria. Most Norwegian domestic prices were unchanged.
Sales volumes of medium sections and beams are satisfactory, in
Denmark, but regional mills have spare rolling capacity. In Sweden,
the house building and commercial construction industries are busy.
Extremely short delivery lead times, in Finland, suggest that demand
is weak. Sales are healthy in the Netherlands. Domestic construction
activity is good, in Austria and Norway.
Suppliers of reinforcing bars, reluctantly, cut prices, in the
Netherlands, amid patchy market conditions. Buyers, however,
continue to seek new, competitive sources of material. The Danish
market is steady. Sales for construction and infrastructure projects
are good, in Finland and in Sweden. In Austria, local sales activity
is at a high level. Norwegian domestic consumption is reasonably
Merchant bar purchase tonnages are steady, in Denmark. Prices,
however, decreased, in line with wider European markets. Swedish
industrial activity remains healthy, but a slowdown is forecast.
Sales to the manufacturing sector are good, in Finland. Domestic
demand is reasonable, in the Netherlands. Offers from southern
European suppliers are very competitive. Regional mills are making
very attractive quotations, in a bid to secure order tonnages.
Source: MEPS -
European Steel Review
Supplement - April 2019 Issue
Also See: MEPS
All Products Composite Purchasing Price & Index
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