It is reported that long products prices for rebars, wire rods, merchant bars and beams have posted significant gains of EUR 10 per tonne to EUR 30 per tonne last week across Italy, Spain and Germany signaling long awaited upturn in market conditions.
Week 51 shall be crucial to test the real strength of rebound.
Even though the flat products prices have touched unexpected lows there seems no light down the tunnel as the year draws to a close. However there is anticipation of enhanced buying and for stock replenishment in Europe after the New Year vacation.
It is learn that some of the European mills have already hiked the HRC prices by EUR 10 per tonne to EUR 20 per tonne for January booking.
A lot will depend on the definitive resolution of the EU crisis which will enliven the proceedings. With the EU economic war horses Germany and France making breathe taking attempts at resurrection lest they become victims of the debt quicksand trace revival may be in store.
1. Plates
HRP
S 235 / S275JR
5-20x2000
| Country | Domestic | Import |
| Germany | 0 | 0 |
| Spain | 0 | 0 |
| Italy | 0 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
2. Hot Rolled Coils
HRC
S235JR
2-12x1000-1500
| Country | Domestic | Import |
| Germany | 0 | -10 |
| Spain | 0 | 0 |
| Italy | 5 | -10 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
3. Cold Rolled coils
CRC
DC 01
0.60 Avx1250
| Country | Domestic | Import |
| Germany | -10 | -10 |
| Spain | 0 | 0 |
| Italy | -20 | -10 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
4. Hot Dipped Galvanized
HDG
DX 51 D / Z100-120 / AS
0.55 - 0.57x AW
| Country | Domestic | Import |
| Germany | -10 | 0 |
| Spain | 0 | 0 |
| Italy | -20 | -10 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
5. Merchant bars
Merchant bars (B)
S235JR
5 to 150 mm
| Country | Domestic | Import |
| Germany | 10 | 0 |
| Spain | 20 | 0 |
| Italy | 20 | 0 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
6. IPN / UPN
IPN / UPN (B)
S235JR
50 to 400 mm
| Country | Domestic | Import |
| Germany | 10 | 10 |
| Spain | 10 | 0 |
| Italy | 20 | 10 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
7. HEA/B/M
HEA/B/M (E)
S235JR
100 to 600 mm
| Country | Domestic | Import |
| Germany | 0 | 0 |
| Spain | 10 | 0 |
| Italy | 10 | 10 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
8. De-Bars
De-Bars (E)
FE500
6 to 40 mm
| Country | Domestic | Import |
| Germany | 20 | 10 |
| Spain | 20 | 10 |
| Italy | 30 | 20 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
9. WRC Mesh
WR Mesh (E)
S235JR
5.5 to 16 mm
| Country | Domestic | Import |
| Germany | -20 | -15 |
| Spain | 15 | 10 |
| Italy | 30 | 20 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
10. WRC Drawing
WR Drawing (E)
SAE 1006/8
5.5 to 16 mm
| Country | Domestic | Import |
| Germany | -10 | -10 |
| Spain | 20 | 10 |
| Italy | 20 | 10 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
(E) - Effective
(B) - Base
CFR Antwerp
| Product | Grade | Thick mm | Change |
| HRP | S235JR | 10-60x2500 | 0 |
| HRP | S355J2+N | 10-60x2500 | 0 |
| HRC | S235JR | 2-12x1250 | -10 |
| CRC | DC 01 | 0.60 Avx1250 | 0 |
| HDG | DX 51 D/Z 180/NA-C | 0.60 Avx1250 | 10 |
Change is on Dec 16th as compared to 9th Dec 2011
In EUR per tonne
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