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Monday Market Monitor - EU - WEEK 43 - Domestic mills in desperate mode
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Monday, 31 Oct 2011
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It is reported that the domestic steel mills in Europe are under tremendous pressure to sell and this was amply reflected by the slide in most of the products across Italy, Spain and Germany.

There is a tussle between the steel mills and stockiest/service centers to entice end buyers resulting in a situation when buyers want to buy only what is essentially needed expecting prices to come down further.

The effect of deal on European debt crisis last week is yet to be seen and this week shall be crucial to gauge the change in sentiments, if any.

1. Plates

HRP
S 235 / S275JR
5-20x2000

CountryDomestic Import
Germany0-10
Spain00
Italy-100


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

2. Hot Rolled Coils

HRC
S235JR
2-12x1000-1500

CountryDomestic Import
Germany-100
Spain-10-10
Italy-100


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

3. Cold Rolled coils

CRC
DC 01
0.60 Avx1250

CountryDomestic Import
Germany00
Spain-10-10
Italy00


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

4. Hot Dipped Galvanized

HDG
DX 51 D / Z100-120 / AS
0.55 - 0.57x AW

CountryDomestic Import
Germany-1010
Spain-10-10
Italy-10-10


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

5. Merchant bars

Merchant bars (B)
S235JR
5 to 150 mm

CountryDomestic Import
Germany-10-10
Spain-20-10
Italy-20-20


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

6. IPN / UPN

IPN / UPN (B)
S235JR
50 to 400 mm

CountryDomestic Import
Germany-10-10
Spain0-10
Italy-10-10


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

7. HEA/B/M

HEA/B/M (E)
S235JR
100 to 600 mm

CountryDomestic Import
Germany-1010
Spain-100
Italy0-10


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

8. De-Bars

De-Bars (E)
FE500
6 to 40 mm

CountryDomestic Import
Germany-20-10
Spain-10-10
Italy-10-10


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

9. WRC Mesh

WR Mesh (E)
S235JR
5.5 to 16 mm

CountryDomestic Import
Germany-20-10
Spain-10-10
Italy-10-20


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

10. WRC Drawing

WR Drawing (E)
SAE 1006/8
5.5 to 16 mm

CountryDomestic Import
Germany-20-10
Spain-10-10
Italy-10-10


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne
(E) - Effective
(B) - Base

CFR Antwerp

ProductGradeThick mmChange
HRPS235JR10-60x2500-5
HRPS355J2+N10-60x25005
HRCS235JR2-12x12500
CRCDC 010.60 Avx12500
HDGDX 51 D/Z 180/NA-C0.60 Avx125010


Change is on Oct 28th as compared to 21st Oct 2011
In EUR per tonne

www.steelprices-europe.com is a comprehensive service for tracking real time steel prices and trends in both South and North Europe on weekly basis.

The scope of service includes
1. Domestic pricing information in Germany, Italy and Spain
2. Import pricing information in Germany, Italy and Spain
3. Import levels at Antwerp and Turkey
4. Export levels from Turkey, Rotterdam, China, India and Black Sea

How to subscribe
1. Register at www.steelprices-europe.com and pay on line or ask for invoice
2. Send mail to admin@steelprices-europe.com.

(Sourced from www.steelprices-europe.com)

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