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…
6 reasons why European steel prices will rise in September
Steel buyers are returning from their summer holidays and questioning where steel prices are heading next. The answer is… Upwards. It has been a very challenging time for all participants…
Chinese steel market recovery continues, amid global struggles
The coronavirus pandemic wreaked havoc on steel markets and economies around the world, during the first six months of 2020. China’s economy was the first to suffer the effects of…
Lack of investment hampers post-Covid-19 recovery in Finland
Finnish market trends tend to lag behind those in neighbouring countries. Customers’ workloads in the country are, only now, beginning to reduce, as a result of the measures taken to…