NORDIC STEEL MARKET
ROUNDUP FROM MEPS
According to MEPS, demand
for hot rolled coil is steady across the Nordic region. Total sales
tonnages in 2016, so far, exceed those in the same period last year.
Hot rolled plate prices are stable, at present. Buyers do not
foresee substantial increases before the end of this year. In
Sweden, demand from the commercial vehicle and building sectors is
Regional producers’ strong order loads are putting upward pressure
on cold rolled coil selling figures. Buyers believe that they will
have to concede some part of the mills’ proposed price increase.
Galvanised coil sellers report continued good sales to the
automotive supply chain. Supply is limited, in Europe, due to
earlier mill outages. Chinese material is available but some buyers
are cautious regarding its quality.
Excess wire rod production capacity persists, in Europe. Order
intake is quite slow. No dramatic change in market conditions is
Demand for structural sections is strong from the construction
sector. However, after steep increases during the second quarter,
selling figures are now following raw material costs, on a downward
Merchant bar transaction values continued on a downward trend and
may yet have further to slide. Sluggish consumption and decreased
input costs contributed to the fall in prices.
Steel Review Supplement - September Edition
Also See: MEPS
Nordic Index and MEPS Nordic
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