NORDIC HRC Steel prices remain largely unchanged
Hot rolled coil transaction figures are largely unchanged across the Nordic region. Demand from the construction sector is strong in some areas, according to MEPS.
In Finland, producers continue to seek substantial price hikes but customers are resisting. They may have to concede a rise next month.
Consumption of hot rolled plate is satisfactory. We have reports of increased selling figures bring proposed for May/June deliveries in Finland. However, we have no confirmation of deals being agreed at these new levels.
Supply of cold rolled material is tight. Major EU mills are fully booked until June. Many buyers are sourcing material from outside Europe. Delivery lead times are extending. Buyers expect increased values for second quarter contracts.
Delivery lead times for coated coil are long. Supply problems were amplified by the threat of antidumping action, with purchasers wary of buying from China and Russia. Further price hikes are foreseen.
Demand for wire rod is reported to be steady. Steelmakers’ scrap costs have risen. Consequently, buyers believe that an uptick in selling values is likely, in the near term.
Sales tonnages for rebar are healthy. Construction activity is at a high level, especially in Sweden. Tight scrap supply led to price increases in some countries. Buyers foresee selling values climbing in the near future.
Source: Scrap Register