EU Stainless Cold Rolled
Coil Prices Stable as Surcharges Rise
Demand decreased, slightly, in Germany, this
month, compared with that in January. Stockists’ inventories are at
a healthy level. The transport issues that affected deliveries at
the end of last year are, largely resolved. Market participants
expect relatively unchanged prices, in 2018.
Sales tonnages are stable and basis values are the same as last
month’s figures, in France. We hear that basis figures may come
under negative pressure, in the short term.
Consumption is declining, a little, in Italy. Distributors are
struggling to pass price increases on to their customers. Inventory
levels are rather high. Purchasing decisions are being delayed,
pending the outcome of the elections, in March.
Producers’ basis values are stable, in Spain. Certain distributors
did not increase their effective prices, in February. They are,
therefore, competitive, compared with the mills’ selling figures for
new production. Import offers are attractive – but rising.
Demand remains strong, in Sweden. Basis values are unchanged from
those in January. Swedish companies are investing in the development
of electric vehicle batteries and other alternative automotive
Market sentiment is good, in the Netherlands. Consumption and basis
figures are stable. Competition, between European stockists, is
fierce. Material from Asia is available at comparatively low prices
and, in some cases, delivered more quickly than from European mills.
Sales tonnages are healthy, in Denmark, and the outlook is
optimistic. EU producers have strong order books but they cannot
achieve basis value hikes. In fact, some buyers are asking for
reductions. Significant volumes are offered, from Taiwan. Prices
from that country remain competitive, even after the application of
Source: MEPS -
Review - February 2018 Issue
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