Italy
There was a significant decrease in Italian steel plate prices during the week of May 27. The prices of 14-40 mm steel plates decreased by EUR 40 compared to last week to EUR 710. The effect of the decrease in raw material costs was significant. Along with the fact that manufacturers reflected the cost advantage in prices, there was a significant decrease in prices due to the influence of competition.
Italian steel sheet are stable compared to April. According to European steel producers, no significant agreements have been seen in the HRC and CRC market. Sources say that demand is low and the market has stagnated again. According to SteelRadar data, Italian HRC prices decreased by 5 EUR in the week of May 27 and were calculated as 645 EUR. It was observed that CRC continues to trade at 755 EUR and Galvanized Coil Sheet prices continue to trade at a constant rate of 874 EUR.
Compared to recent months, E3 scrap and Angle prices also remained stable in the Italian steel market, which has been stagnant. According to SteelRadar data, E3 scrap prices continue to be traded at EUR 365 and angle prices at EUR 710.
Spain
In the recent period, weak demand and increased competition in Spain have led to a decrease in rebar prices. Spanish rebar prices fell by EUR 5 and fell to EUR 600.
Given the weak order intake, service centers refuse to purchase HRC in Europe. In this context, HRC and CRC prices remain stable in Spain. According to SteelRadar data, Spanish HRC prices continue to be traded at EUR 675 and CRC prices at EUR 800.
Poland
There have been increases in the prices of rebar and wire rod in Poland. According to SteelRadar data, the rebar market started the new week with an increase of 3 EUR and prices were updated to 628 EUR. On the other hand, Polish wire rod prices increased by EUR 5 and were calculated as EUR 675. The increase in the operational costs of the production facilities in the region and the increasing demand played a major role in these increases.
High demand has caused suppliers to raise prices. The increase in demand in the construction sector, especially housing construction, caused rebar prices to rise. The launch of some delayed housing projects in the second quarter and the government's low-interest loan program for first-time home buyers supported this demand
Germany
In Germany, rebar prices continued to remain stable at EUR 625, while steel plate 14-40 mm [EN 10025 (S235JR)] prices increased by EUR 7 and increased to EUR 630. This increase was a result of a slight increase in raw material costs and a stabilization in demand.
While domestic prices for HRC in Europe remained unchanged on May 27, trading activity in the market slowed down. Sources note that the market is quite depressing and no one wants to make larger volume purchases. According to SteelRadar data, German HRC prices fell by 5 EUR to trade at 645 EUR. On the other hand, CRC prices remained stable at EUR 755.
Suppliers have made an agreement for delivery at the end of June, sources say, and demand is low. According to SteelRadar data, E40 scrap prices also remained stable on a basis of 368 EUR.
Netherlands
Scrap prices, which entered the Netherlands at USD 351 during the week of May 20, rose to USD 353 during the week. Prices, which fell again during the week of May 27, are trading at 351 USD.
Dutch scrap prices are currently traded at 351 USD.
Benelux
Benelux HMS 1/2 (80:20) scrap prices, prices that continue to trade at EUR 313 in the week of May 20, experienced a decrease in the new week.
Benelux scrap prices, which started the week of May 27 with a decrease of 3 EUR, fell to 310 EUR.
United Kingdom
According to SteelRadar data, steel mesh prices in the UK have experienced a decline. Prices fell by 7 EUR to 575 EUR in the week of May 27.
This decline is considered an indicator of the economic recession throughout Europe and the slowdown in the construction sector.
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