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

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