Flat Product Steel Prices Stable in the Nordic Region

Posted on 25 April 2018
 

Source: MEPS

Hot rolled coil consumption is steady, in Denmark. Regional mills sought price increases, this month, but buyers resisted, according to the latest edition of MEPS European Steel Review Supplement. In Sweden, while demand from the building sector declined, a little, the overall economy is strong. This is reflected in healthy steel sales volumes. Purchase tonnages are stable, at a high level, in Finland. In Norway, purchasing activity is brisk but is not predicted to increase significantly.

The plate market, in Denmark, is a little subdued but a pickup is predicted, in the near term. European mills continue to push for price increases. However, end-users believe that transaction values are too high and, consequently, stockists are reluctant to agree to the producers’ proposals. Third country import offers are rising. In Sweden, contract prices are up, for quarter two, but the trend in spot values has levelled out. Industrial consumption is healthy. Plate demand is good, in Finland. Selling values are at a high level but did not increase, this month. Producers’ delivery lead times are extending, in Norway. Demand, from machinery manufacturers and the offshore energy sector, is growing.

Buyers, in Denmark, are finding the availability of cold rolled coils, from EU mills, limited. They are, therefore, purchasing more from third country suppliers. The requirement from the manufacturing sector is strong, in Sweden. Sales volumes and transaction values are high. The Swedish currency continues to weaken. Cold rolled coil consumption is steady, at a satisfactory level, in Finland. Prices, are unchanged, in April. Demand is fair, in Norway. However, customers are buying only for their immediate needs, as they expect prices to decline, soon.

In Denmark, the coated coil market remains strong and supply is still restricted. This will begin to ease when ArcelorMittal restarts its galvanising line, in Belgium. For now, prices for thin gauge material are rising but those for MEPS’ benchmark products are unchanged. In Sweden, carmaking activity is very strong and demand from the industrial sectors, generally, is more than satisfactory. Finnish suppliers continue to report good sales to the auto supply chains in neighbouring Sweden and Germany. 



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