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Monday Market Monitor - EU - WEEK 47 - No end in sight to decline
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Monday, 28 Nov 2011
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Steel prices continued to decline across Europe last week.

Due to different reasons of economic, social and politic nature, there are very few buyers eventually available to consider s purchase and in any case not at the demanded price.

HRC price in Italy is under heavy pressure loosing ground basically on daily basis. Last information is indicating that prices have apparently broken the EUR 450 per tonne basis parity level and are edging down to EUR 400 per tonne for orders of important quantities. On the same track both CR and HDG base price is going in direction of EUR 500 per tonne parity and even less. Also extras are heavily discounted or, in some cases, not even applied.

1. Plates

HRP
S 235 / S275JR
5-20x2000

CountryDomestic Import
Germany00
Spain00
Italy010


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

2. Hot Rolled Coils

HRC
S235JR
2-12x1000-1500

CountryDomestic Import
Germany00
Spain0-10
Italy-1010


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

3. Cold Rolled coils

CRC
DC 01
0.60 Avx1250

CountryDomestic Import
Germany0-10
Spain00
Italy0-10


Change is on Nov 25th as compared to 18th Nov 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-1010
Italy-10-10


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

5. Merchant bars

Merchant bars (B)
S235JR
5 to 150 mm

CountryDomestic Import
Germany00
Spain00
Italy0-10


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

6. IPN / UPN

IPN / UPN (B)
S235JR
50 to 400 mm

CountryDomestic Import
Germany00
Spain00
Italy00


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

7. HEA/B/M

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

CountryDomestic Import
Germany00
Spain00
Italy00


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

8. De-Bars

De-Bars (E)
FE500
6 to 40 mm

CountryDomestic Import
Germany1010
Spain-50
Italy-50


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

9. WRC Mesh

WR Mesh (E)
S235JR
5.5 to 16 mm

CountryDomestic Import
Germany205
Spain-100
Italy00


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne

10. WRC Drawing

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

CountryDomestic Import
Germany100
Spain-50
Italy00


Change is on Nov 25th as compared to 18th Nov 2011
In EUR per tonne
(E) - Effective
(B) - Base

CFR Antwerp

ProductGradeThick mmChange
HRPS235JR10-60x25000
HRPS355J2+N10-60x25000
HRCS235JR2-12x12500
CRCDC 010.60 Avx12500
HDGDX 51 D/Z 180/NA-C0.60 Avx12500


Change is on Nov 25th as compared to 18th Nov 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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