As per latest market information from Europe, the steel market continues to face southward headwinds
While the buyers are extremely reluctant to place orders as 2012 is coming to an end, steel mills are pushing up prices, hoping to get at the reopening in January better results.
In Germany, local producers are also trying to increase prices but with very limited success.
In Italy everybody is waiting for the release of the almost 150,000 tonnes of Ilva material that should happen next week, as a result of the new government Decree. If this is really happening, believe we can consider the year definitely closed, at least as far as Italian market is concerned.
On the other hand, Russian Mills are increasing HRC prices up to EUR 440 per tonne base Fob Black Sea which is equivalent to a minimum of EUR 460 per tonne to EUR 465 per tonne base CFRFO at sight. This is for Jan production, February shipment but so far no buyers.
1. Plates
HRP
S 235 / S275JR
5-20x2000
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
2. Hot Rolled Coils
HRC
S235JR
2-12x1000-1500
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
3. Cold Rolled coils
CRC
DC 01
0.60 Avx1250
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
4. Hot Dipped Galvanized
HDG
DX 51 D / Z100-120 / AS
0.55 - 0.57x AW
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
5. Merchant bars
Merchant bars (B)
S235JR
5 to 150 mm
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
6. IPN / UPN
IPN / UPN (B)
S235JR
50 to 400 mm
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
7. HEA/B/M
HEA/B/M (E)
S235JR
100 to 600 mm
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
8. De-Bars
De-Bars (E)
FE500
6 to 40 mm
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
9. WRC Mesh
WR Mesh (E)
S235JR
5.5 to 16 mm
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
10. WRC Drawing
WR Drawing (E)
SAE 1006/8
5.5 to 16 mm
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
(E) - Effective
(B) - Base
CFR Antwerp
Change is on 14th December as compared to 7th December 2012
In EUR per tonne
