Cold Rolled Coil Prices Weaken in Northern Europe

Market participants, in Denmark, report that local demand is a little weaker than in neighbouring Sweden and Germany. Cold rolled coil values softened, slightly, in May, according to MEPS.

Consumption is at a high level, in Sweden. However, prices are believed to have peaked, for now.

Purchase volumes are satisfactory, in Finland. The price trend is thought to have reached the top of the current cycle but MEPS has no reports of reductions, as yet.

Sales tonnages are high, in the Netherlands. Offers from China are competitive, even after the application of antidumping duties. Quotations from India and South Korea are also attractive.

In Norway, business activity levels are good but cold rolled coil prices are under negative pressure.

Source: European Steel Review Supplement – May Edition

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