According to SteelRadar analysts' market analysis as of December 17, 2024;
The Steel Producers' sale price indications for hot rolled coil (HRC) EXW averaged between EUR 565 – 570 in Northern Europe. In Germany, these prices average between EUR 550 – 570, in Italy between EUR 560 – 570 and in Spain between EUR 560-580.
Cold rolled coil (CRC) EXW prices in Northern Europe range between EUR 640 – 650 higher than at the beginning of December. In Germany and Italy, these prices traded between EUR 650 – 660 and in Spain between EUR 660 – 670.
Plate prices remained unchanged on a weekly basis. In Northern Europe prices were recorded between EUR 650 – 680, in Germany at EUR 660 – 670, and in Italy and Spain at EUR 620 – 640.
Rebar prices range between EUR 610 – 640 in Northern Europe, while in Germany around EUR 600 – 610, in Italy between EUR 570 – 600 and in Spain between EUR 600 – 620.
As for wire rod prices, Northern Europe and Germany remained in the range of EUR 600 – 610, while Italy recorded a small weekly decrease in the range of EUR 570 – 600.
Spanish steel market, as well as all Europe, experienced some challenges in December. The impact of the economic difficulties in the market is still causing weak demand for HRC prices, which local steel producers have increased due to production costs. Spanish steel production, which recovered at the beginning of the year, remains weak due to high energy and emission costs. Positive outlooks for the stability of the sector remain, while more government support is needed to improve competitiveness and guarantee growth.
The impact on the European flat steel market is attributed to a significant decrease in production volumes in southern EU countries. However, some analysts are skeptical about the possibility that such price increases will be acceptable for customers, despite the planned shutdowns of major mills during the Christmas holidays. The structural crisis in Europe and competition from imported products is decreasing positive expectations.
While Eurofer predicts positive growth in 2025, a projected contraction in 2024 indicates the sector is facing a challenging period. The European steel market continues to navigate complex price dynamics, regional disparities, and an uncertain economic outlook.
Comments
No comment yet.