Germany
HRC prices in Germany started the week of July 21 with a decrease of EUR 15 to EUR 635. CRC prices remained stable at EUR 735. Market players noted that higher offers have not yet translated into concrete deals. A German buyer said, “European mills usually increase their offers and wait for the market to pick up after the summer holidays. However, as long as there are no signs of any recovery on the consumption side, it is hard to expect prices to rise,” a German buyer said.
Rebar prices in Germany decreased by EUR 10 to EUR 625 on July 22. This was mainly due to weak demand in the construction sector and economic uncertainties, sources stated. The slowdown in construction activity across Europe and high inventory levels kept prices under pressure. In addition, higher energy costs and expectations of an economic recession were cited as other factors that negatively affected rebar demand.
The scrap E40 market continued to trade at a steady price of EUR 378. Fluctuations in the construction and automotive sectors in Germany can directly affect scrap steel prices, sources said.
The price of Steel Plate [EN 10025 (S235JR)] remained stable at EUR 723. There has been a slight increase in steel demand across Europe in recent months, but weakness in the construction and manufacturing sectors has limited price increases. According to reports by the European Steel Association, rising energy costs and economic uncertainties are putting pressure on demand.
Poland
Rebar prices in Poland increased by EUR 3 to EUR 623 in the same week. Ongoing projects in Poland's construction sector and rising domestic demand had a positive impact on prices. The country's economic growth prospects and increased infrastructure investments continue to support demand for iron and steel products. This upward trend in Poland is a positive economic outlook in contrast to the stagnation in other European countries.
The price of 5.5-10 mm diameter wire rod in Poland was standing at EUR 633 as of July 22. Thanks to its geographical location, Poland plays a critical role in the center of Europe, both as an importer and exporter. This makes the country one of the price setters in Eastern Europe. Current market conditions and fluctuations in demand across Europe affect the stability of wire rod prices in Poland
Spain
HRC prices in Spain also decreased by EUR 15 to EUR 635. CRC prices decreased by 40 EUR to 750 EUR. In Italy, HRC prices remained stable at EUR 625, while CRC prices fell by EUR 10 to EUR 740.
Rebar prices in Spain were stable at EUR 595. Sources noted that construction activity in the region remained relatively stable. The lack of a significant increase in construction projects in Spain and Italy and the current economic conditions were cited as other factors contributing to the stable prices.
Italy
Rebar prices in Italy remained stable at EUR 610. The summer vacation period in Europe led to a slowdown in construction activity and a drop in demand. Many projects were suspended during this period, leading to lower rebar demand. As a result, lower demand and high inventory levels led to lower prices.
The HRC market remained stable at €625 per ton. However, the CRC market price dropped by €10 to €740 per ton. The price stability for hot and cold rolled products reflects the steady demand in the manufacturing sector. The small decrease in cold rolled sheet prices may reflect a slight slowdown in manufacturing activity or inventory adjustments between producers and buyers.
E3 scrap prices remained stable at EUR 367. The steel scrap market remains under pressure, particularly due to fluctuations in energy prices and economic uncertainties. Declining steel demand across Europe is also affecting prices
Subsequently, wire rod prices also remained stable at EUR 635. The weak performance in the construction sector and the contraction in demand in the automotive sector have led to a stagnation in wire rod prices.
Galvanized steel coil prices were unchanged at EUR 856 per tonne. The steel plate (14-40 mm EN 10025 S235JR) market remained stable at EUR 660 per ton.
Angle steel (60x60x6-9mm EN 10025 S235JR): Steady at €710 per ton.
According to sources, most prices remained stable, indicating that the supply and demand balance is stable. The outlook for the Italian steel market remains cautiously optimistic. Despite global economic uncertainties and possible disruptions in raw material supply chains, the stability of most product prices suggests that the market is in a position to cope with short-term fluctuations.
Netherlands
The HMS 1/2 (80:20) scrap price in the Netherlands was stable at USD 363. Sources said that there is a short-term lull in the Dutch steel scrap market. However, long-term trends suggest that prices could rise. This is due to both uncertainties in international markets and increased efficiency in local recycling plants.
Benelux
During the week of July 22, HMS 1/2 (80:20) scrap prices hovered around EUR 325. According to sources, this price stability reflects the impact of market dynamics and economic conditions in the region. The balancing of global and local factors contributed to maintaining steel scrap prices at the current level.
Comments
No comment yet.