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