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Monday Market Monitor - EU - WEEK 51 - Buyers start to give in to price hikes by mills
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Monday, 26 Dec 2011
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It is reported that domestic mills in Italy are attempting to increase prices amid weak resistance of buyers.

As per market information, one of the Italian steel major has been able to get EUR 10 per tonne to EUR 15 per tonne increase that seems to have been accepted by customers without particular problems.

It is also heard that similar moves have been adopted by another Italian steel major for CR and HDG. Rumors are indicating that the producer is flatly refusing any bids below new levels.

Nominal prices for de-bars are around EUR 515 per tonne to EUR 520 per tonne FOB, (USD 670 per tonne to USD 675 per tonne), however without any taker for the time being.

1. Plates

HRP
S 235 / S275JR
5-20x2000

CountryDomestic Import
Germany010
Spain010
Italy00


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

2. Hot Rolled Coils

HRC
S235JR
2-12x1000-1500

CountryDomestic Import
Germany025
Spain510
Italy100


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

3. Cold Rolled coils

CRC
DC 01
0.60 Avx1250

CountryDomestic Import
Germany00
Spain010
Italy100


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

4. Hot Dipped Galvanized

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

CountryDomestic Import
Germany1010
Spain010
Italy100


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

5. Merchant bars

Merchant bars (B)
S235JR
5 to 150 mm

CountryDomestic Import
Germany010
Spain100
Italy1010


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

6. IPN / UPN

IPN / UPN (B)
S235JR
50 to 400 mm

CountryDomestic Import
Germany00
Spain00
Italy100


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

7. HEA/B/M

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

CountryDomestic Import
Germany100
Spain010
Italy100


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

8. De-Bars

De-Bars (E)
FE500
6 to 40 mm

CountryDomestic Import
Germany00
Spain010
Italy1010


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

9. WRC Mesh

WR Mesh (E)
S235JR
5.5 to 16 mm

CountryDomestic Import
Germany010
Spain010
Italy010


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne

10. WRC Drawing

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

CountryDomestic Import
Germany00
Spain010
Italy2010


Change is on Dec 23rd as compared to 16th Dec 2011
In EUR per tonne
(E) - Effective
(B) - Base

CFR Antwerp

ProductGradeThick mmChange
HRPS235JR10-60x250010
HRPS355J2+N10-60x250020
HRCS235JR2-12x125010
CRCDC 010.60 Avx125010
HDGDX 51 D/Z 180/NA-C0.60 Avx125010


Change is on Dec 23rd as compared to 16th Dec 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

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