DUTCH FLAT PRODUCT STEEL
PRICES STABLE IN MARCH
Sales volumes of hot rolled coil are good, in the Netherlands. The
mills have indicated that they want an extra €10 per tonne for June
Cold rolled coil demand is healthy. A number of stockists inform
MEPS that they are avoiding the inflated European values by sourcing
material from offshore suppliers.
Hot dipped galvanised material is scarce, particularly in the
thinner gauges. Consequently, spot selling figures are high.
Wire rod demand is quite stable, in the Netherlands. Regional mills
are pushing for raised selling values but they are meeting
resistance from buyers.
Construction activity slowed, slightly. A number of projects were
suspended pending the outcome of the General Election. A small
reduction in transaction figures for beams was recorded. Rising
scrap expenditure may push selling values up, in the near term.
Escalating input costs supported a rise in ex-mill rebar values, in
the Netherlands, in March. Demand, however, is disappointing and
delivery lead times are short.
Consumption of merchant bars is mediocre. Basis prices slipped, this
month, leaving stockists holding expensive inventory.
Steel Review Supplement - March Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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