European flat product market continued to remain under severe pressure for various flat products
A. Plates
Plate market witnessed low priced offers from both domestic as well as imported sources leading to decline in general levels
HRP
S 235 / S275JR
5-20x2000
Domestic
| Country | Change |
| Germany | 0 |
| Spain | 10 |
| Italy | -40 |
In EUR per tonne
HRP
S 235 / S275JR
5-20x2000
Imports
| Country | Change |
| Germany | None |
| Spain | None |
| Italy | None |
In EUR per tonne
HRP
S 235 / S275JR
10-50x2500-3000
Domestic
| Country | Change |
| Germany | -10 |
| Spain | -10 |
| Italy | -20 |
In EUR per tonne
HRP
| Country | Change |
| Germany | -20 |
| Spain | None |
| Italy | None |
In EUR per tonne
B. Hot Rolled
HRC
S235JR
2-12x1000-1500
Domestic
| Country | Change |
| Germany | 5 |
| Spain | 20 |
| Italy | 0 |
In EUR per tonne
HRC
S235JR
2-12x1000-1500
Imports
| Country | Change |
| Germany | -10 |
| Spain | -12.5 |
| Italy | 0 |
In EUR per tonne
C. Cold Rolled
CRC
DC 01
0.60 Avx1250
Domestic
| Country | Change |
| Germany | 15 |
| Spain | 15 |
| Italy | -20 |
In EUR per tonne
CRC
DC 01
0.60 Avx1250
Imports
| Country | Change |
| Germany | 5 |
| Spain | 0 |
| Italy | 0 |
In EUR per tonne
D. Hot Dip Galvanized
HDG
DX 51 D / Z100-120 / AS
0.55 - 0.57x AW
Domestic
| Country | Change |
| Germany | 15 |
| Spain | 15 |
| Italy | -10 |
In EUR per tonne
HDG
MA-C / Z180 / Cr Free
0.60 Avx1250
Imports
| Country | Change |
| Germany | -5 |
| Spain | 0 |
| Italy | 0 |
In EUR per tonne
All prices are net to the final customer with following payment terms
A. Italy & Spain
1. Domestic prices are EXW or DDP with payment 90 days from delivery
2. Import prices are CIF FO with LC at 90 days from B/L date
B. Germany
1. Domestic prices are EXW or DDP with payment on the 15th of the following month
2. Import prices are CFR FO with open term payment at 30 days from date of arrival
Customers are now buying more, but at prices and conditions extremely tough. Priority is given to ready material including stocks and prime over rolling etc as nobody wants to engage in a 4 months to 5 months delivery, in such an unpredictable and quite worrying environment.
Then, financing is the next issue as banks and insurances are more and more reducing credit availability. So preference is given to those suppliers able to secure long term payment of 90 days to 150 days, possibly without LC.
Last issue is the price, which is not a major problem for a buyer decided to book as he can find plenty of opportunities and competition among suppliers.
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(Sourced from www.steelprices-europe.com)
