Category Archives: Nordic Steel Prices

Hot and Cold Rolled Coil Prices Move Up in the Nordic Region

Demand for hot rolled coil is strong, in Denmark. Western European mills state that they have sold all of their rolling capacity for the first quarter and much of the second. Sales tonnages were high, in Sweden, in January and February, and forward order loads are healthy. Vehicle manufacturing is buoyant. In Finland, purchasing activity was quite consistent, through the Christmas and New Year period. The hot rolled coil market, in Norway, is described as stable, and a little quiet.

Buyers of cold rolled coil, in Denmark, were forced to pay at least an additional DKK100 per tonne, in January, compared with the previous month. Certain mills are now quoting for May deliveries. Demand from the manufacturing segment – particularly, automotive – is strong, in Sweden. Ex-mill values are climbing but stockists and service centres are struggling to pass increases on to their customers. Cold rolled coil consumption is robust, in Finland. Producers’ selling figures climbed, slightly, this month. Sellers in Norway report strong demand from regional carmakers. Prices are unchanged, in NOK terms, although the local currency has strengthened, relative to the euro.

Source: European Steel Review Supplement – February 2018 Edition

Medium Sections and Rebar Prices Rise in Northern Europe

Steel beam selling values increased, in Denmark, this month, buoyed by rising scrap costs. Consumption is satisfactory. Delivery lead times, from regional mills, are between four and six weeks. Private and public sector housebuilding activity is at a high level, in Sweden. Demand for apartments, for young people, is growing. A sharp, upward steel price hike, in Finland, was buoyed by increased scrap expenditure and healthy sales volumes. Beam selling figures were lifted, in late December, in the Netherlands. Further increments are expected. Construction activity is strong, in Norway. This helped to boost ex-mill values for sections, this month.

Rising scrap costs contributed to increasing rebar prices, in Denmark, in January. The mild winter, so far, has allowed infrastructure projects to proceed – resulting in healthy rebar consumption. The construction sector is busy, in Sweden, without serious disruption from the weather. Substantial rebar price hikes arose from strong demand and soaring scrap outlay. Sales picked up, in January, in Finland, following a seasonal slowdown, in December. Growing raw material expenditure, for the mills, supported increasing rebar values. Distributors succeeded in passing price hikes on to end-users. Material from Russian producers is cheap but offers from southern European mills are becoming less competitive. The Netherlands economy is booming – especially the housing sector. EU mills are busy. Turkish suppliers are present, in the market, but their offers are not attractive. Construction and infrastructure activity is at a high level, in Norway.

Source: European Steel Review Supplement – January 2018 Edition

UPTREND CONTINUES IN NORDIC STEEL MARKET

According to MEPS, hot rolled coil selling figures, across the Nordic region, continued to rise in January. Purchasing activity is at a good level. Demand from the construction sector is strong.

Hot rolled plate prices continued to rise. Mill input costs are increasing. Buyers report competitive offers from Eastern Europe and farther afield.

Cold rolled coil producers pushed for higher selling figures, this month. The EU antidumping measures against suppliers from China are benefitting local steelmakers. Increases are being passed on, at least in part, to end-users.

Demand for wire rod, during the first two weeks of January, was quiet. However, order placement is expected to pick up quickly due to the onset of new projects.

Steel beam prices increased, supported by the upward movement in scrap costs. Demand is expected to remain steady, at a high level. Sales to the construction sector continued to be healthy.

Rebar suppliers announced scrap-based price increases for January. Good infrastructure and building activity is driving healthy sales volumes.

Merchant bar producers continue to push for rises in selling figures, citing increased raw material costs. Demand from the manufacturing sector is expected to hold up.

Source: European Steel Review Supplement – January Edition

MEPS – COIL PRICES EXPECTED TO CONTINUE RISING IN NORDIC REGION

According to MEPS, business activity for hot rolled coil is stable across the Nordic region. The mills’ attempts to lift selling values were largely successful, in October. We expect that upward price pressure will be increased by the announcement of European Union antidumping measures against Chinese hot rolled coil and plate.

Consumption of hot rolled plate is quite weak. Demand from bus and truck manufacturers is good but the agricultural equipment and oil and gas sectors are not strong. Antidumping action against Chinese suppliers may introduce upward price pressure in the short term.

Western European mills report that their cold rolling schedules are full, through to the end of the year. This has helped producers in northern Europe secure increases. Delivery lead times are longer than usual.

Hot dipped galvanised material is in quite short supply. Consequently, the mills have managed to raise prices in October. Demand from car makers continues to be strong.

Purchasing activity for wire rod is slower than expected. However sellers are optimistic that demand will pick up in the near future. Producers from southern Europe have become more active in the market. Prices could slide further but no dramatic fall is anticipated.

Demand for structural sections is quite weak, for the time of year. Scrap costs are low. Beam prices continue to drop back, following the steep rise earlier in the year. Consumption by the construction sector is fair.

Consumption of rebar is reasonable. However, prices continue to fall steeply. Buyers speak of offers from new suppliers in Russia and Spain. This, combined with low scrap costs, is putting downward pressure on selling figures.

Source: European Steel Review Supplement – October Edition

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 strong.

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 foreseen.

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 trend.

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.

Source: European Steel Review Supplement – September Edition

NORDIC STEEL MARKET ROUNDUP FROM MEPS

According to MEPS, domestic selling figures across the Nordic region increased, in early April. Advances in hot rolled coil selling figures were being driven by rising mill input expenditure. Further hikes are likely in May.

Rising raw material costs put inflationary pressure on hot rolled plate selling values. Furthermore, there was a lack of competitively priced imports from Russia and Eastern Europe. Demand was fair.

Buyers of cold rolled coil have accepted the mills’ argument that higher prices were necessary in April. However, market fundamentals may not support higher selling figures through the summer. Supply chain participants believe that the current, steady level of demand is likely to persist for the foreseeable future.

Prices for galvanised sheet and coil have increased this month and further hikes are likely in the short term. Delivery lead times from regional mills have stretched due to earlier plant outages and strong demand from the automotive sector.

Order volumes for drawing quality wire rod are good, in Scandinavia and northern Europe. Suppliers from Russia and Ukraine have raised their price offers, substantially. Domestic selling figures advanced in April and are expected to rise again in May.

Increases in structural section transaction values have been justified by growing mill input expenditure. Delivery lead times have lengthened by 1 or 2 weeks. Producers are likely to seek further, substantial hikes, in the near future.

Sales volumes of rebar are steady, rather than recording the usual, seasonal pickup. Nonetheless prices have risen, due to growing scrap costs, and fundamentals in the wider European market.

Consumption of merchant bar is relatively stable. Despite this, buyers accepted the steelmakers increased price offers. Further advances are likely, as the mills attempt to reverse recent cuts in selling figures.

Source: European Steel Review Supplement – April Edition