Category: Steel Price News

Tight supply & recovering auto demand drive up EU coil prices

Coil prices strengthened rapidly across Europe this month. The upward trend is expected to be maintained, in the near term. The producers’ price hikes are being driven by supply restrictions…

Rising scrap costs support European rebar prices

Modest, scrap-based price rises were implemented by rebar producers in Western European countries, this month. Consumption by the construction industry remains relatively healthy. Nevertheless, a lack of large-volume transactions is…

Stock shortages developing in the European steel market

European steel market participants implemented inventory reduction plans during the recent coronavirus pandemic. Many distributors were selling old stock to improve cash flow. Manufacturers were also reducing existing inventories during…

Stainless steel markets in ‘wait and see’ mode as September approaches

Stainless steel markets are cautiously optimistic regarding demand in the remainder of 2020. A steady, month-on-month, increase in activity has been witnessed, following the easing of lockdown restrictions, in many…

Long product prices start to edge upwards in the Netherlands

In the Netherlands, variety in pricing for long products is identified, especially for medium sections and beams. Several mills report that their order books are full, but delivery lead times…

Flat steel producers raise Nordic prices as increased raw material costs bite

In late July, major European flat product mills announced significant price rises, in an attempt to recover increased raw material input costs. Steel supply is tightening. Producers claim that order…

Southern European rebar leads the way thanks to healthy construction demand

Rebar transaction values increased by approximately €10 per tonne in southern Europe in August, with the UK experiencing a similar move, as prices rose moderately. Selling figures are expected to…

European HRC price increases supported by raw material costs and uncompetitive imports

Western European hot rolled coil prices increased in August, supported by high raw material costs and uncompetitive import offers. Trading activity is slow, as is traditional during the summer holiday…

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