Germany
May April 22nd, according to SteelRadar data, German rebar prices, which started trading at EUR 625 with a decline of EUR 13, were calculated from the same fixed price on May 6th. Sources stated that we are experiencing a reflection of the rebar sector, which began to slow down in 2023, at these times, while most manufacturers have started to produce long products with electricity and stressed that they are also affected by rising energy prices.
In Germany, on the other hand, HRC prices, which experienced a decline of EUR 10 last week, gained momentum by EUR 10 in the week of May 6 and prices were calculated at EUR 635. As SteelRadar has also noted, Northern European HRC prices have started to increase gradually. However, CRC prices continued to trade at EUR 735, maintaining their steady course.
April May German iron ore prices declined on May 6 after a rise in April. Iron ore prices, which have been rising for some time, were observed to fall at the beginning of this week. There have been changes in the iron ore market in Germany, which continues its volatile slope, this week. Dec April 29, according to SteelRadar data, iron ore prices, which ranged from 103.27 to 110.02 EUR in the week, declined on May 6 and were calculated at 109.69 EUR. April M. Prices, which started to rise after the week of April 15, started to decline on May 3rd. Finally, iron ore prices, which continued to decline on May 6, remained stable at EUR 109.
According to the data, German scrap prices, which have maintained their steady course for a long time, continued to trade at EUR 368 in the week of May 6.
Poland
According to SteelRadar's data, the Polish rebar market, which experienced a EUR 10 decline on April 29th, was calculated as EUR 615/EXW. Rebar prices, which have been trading at the same prices since the last date of the change, remained stable during the week of May 6.
The prices of wire rod [5.5-10mm], which have been maintaining their steady course for a long time in Poland, have increased by 7 EUR to 675 EUR in recent weeks. Sources for the wire rod market, which continued to trade at the same price during the week of May 6, stated that prices have been trading at a fixed price for some time.
Italy
According to SteelRadar data, Italian rebar prices, which were trading at EUR 570 during the month of April, gained momentum by EUR 20 on April 29 and rose to EUR 590. It continued to trade at the same price on May 6.
April April Italian HRC prices continued at 635 EUR, fell by 10 EUR at the end of April and the first week of May and traded at 625 EUR. With an acceleration of EUR 10 in the new week, prices increased again to EUR 635. According to the data, CFR Antwerp HRC [EN 10025 (S235JR)] 2-3 mm prices have gained a serious momentum of EUR 35 and are trading at EUR 605. As stated by SteelRadar; manufacturers predicted that prices would increase in the coming days. As a matter of fact, prices increased at the rates that manufacturers expected.
According to SteelRadar data, Italian E3 scrap prices, which were hovering at 353 EUR last week, gained momentum of 8 EUR in the week of April 29 and rose to 360 EUR. However, this rise was short-lived and it fell by EUR 8 to EUR 353 in the week of May 6th.
It was noted that the prices of galvanized coil sheet [0.5mm], which declined by EUR 35 at the beginning of April, have been trading at the same level as EUR 866 for several weeks.
ASTm A510 (SAE1008) wire rod prices, which rose to 645 euros with an increase of 17 euros last week, fell by 5 euros to 640 euros in the week of May 6.
14-40 mm [EN 10025 (S235JR)) steel plate prices started the week of May 6 with a decline of EUR 5 and prices were calculated as EUR 700. 60x60x6-9mm[EN 1002(S235JR)] angle bar prices, on the other hand, starting the new week with a decline of 10 EUR, were recorded to be trading at 715 EUR.
Spain
Another country located in southern Europe, Spain, observed the same situation as Italy. In the rebar market, after a drop of EUR 22 experienced on April 22, prices fell to EUR 583 and continued to trade at a constant price during the week of May 6. Sources in Italy indicated that margins continue to remain under pressure. It is expected that weak consumption and buyers' fear of making commitments will continue.
In Spain, HRC prices, on the contrary, declined. May April 22nd, Spain HRC prices traded at EUR 660, May 6th, starting with a decline of EUR 5, were calculated at EUR 655. Market prices, which have been fixed for a long time, followed a fluctuating course in the week that has just started. Southern European CRC prices; In Italy, it has been observed that they have been trading at a constant level from 735 EUR since the beginning of April, while the situation is no different in Spain. It was calculated that the Spanish CRC prices fell by 8 EUR in the week of April 29 and traded at 805 EUR, while it was recorded that they remained stable in the week that just started.
Netherlands
According to SteelRadar data, HMS 1/2 (80:20) prices in the Netherlands, which experienced a 6 USD decline in the week of April 8, have been trading at the same price level for several weeks on a stable basis of 353 USD. April 29, with the week of prices rebounding, the prices recorded to increase Decently followed a fluctuating course on weekdays and prices went back and forth between 356-354 USD.
Currently, 1/2 80:20 prices are trading at the level of 352 USD as of May 8.
Benelux
According to SteelRadar data, it has been observed that there has been an increase in the prices of HMS 1/2 (80:20) in the Benelux. According April 22nd, scrap prices, which were trading at EUR 308 by EUR 5, decreased in the week of April 29th, increased by EUR 5 to EUR 313 in the week of April, SteelRadar data shows.
Benelux scrap prices, which entered the last week of May 6 with an increase of EUR 5, are currently trading at EUR 318.
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