Germany
Some Dutch and German sources reported that integrated plant groups have withdrawn from the market and are expected to return next week with potentially higher offer prices. According to SteelRadar data, HRC prices in Germany were stable in the week to 10 June, while CRC prices increased by EUR 10 to EUR 735.
Steelmakers in Germany have been struggling to fill their order books amid a slowdown in construction activity and fierce competition. Rebar prices were stable in the week to 10 June after falling by EUR 10 to EUR 615 in the previous weeks. The German rebar market is currently trading at EUR 615.
The E40 scrap market in Germany, which has been trading at the same prices for some time, remained steady in the week of 10 June. The E40 scrap market continues to trade at EUR 368.
According to SteelRadar data, steel plate prices, which rose by EUR 5 to EUR 760 last week, declined this week. Steel plate prices, which started the week of 10 June with a decrease of EUR 5, fell to EUR 755.
Italy
In the European market, there are different views on the future course of roll prices following the extension of the EU safeguard measure and the remaining quota revision proposal. Compared to the Spanish HRC market, the Italian HRC market showed an upward trend. During the week of 10 June, Italian HRC prices increased by EUR 5 to EUR 635 and CRC prices rose by EUR 5 to EUR 750.
Italy's construction sector has seen a revival in recent weeks. Although the Hamburg Commercial Bank's construction purchasing managers' index fell to 48.5 points in April, rebar prices rose by EUR 35 to EUR 640 on 10 June. This recovery looks promising for the future of the sector.
Galvanised steel coil prices also increased. They rose by EUR 4 to EUR 850 as of 10 June. Access to steel plates produced in Italy is good and new orders can be delivered in early July.
In the new week, Italian steel plate prices were stable at EUR 690, while angle iron prices remained unchanged at EUR 710. Italian rollers prefer Asian plate producers. Asian mills welcome this alternative sales channel due to low domestic demand.
Italian scrap prices, on the other hand, are showing a more pronounced increase. Prices, which have been on the rise since May, increased by EUR 18 last week and continued to trade at EUR 383 during the week of 10 June.
Spain
Last week's extension of the European Union's safeguard measures on the steel market reshaped the dynamics in the industry.
According to SteelRadar data, HRC prices in Spain held steady at EUR 645, while CRC prices rose by EUR 5 to EUR 800 in the week to 10 June.
Recently, weak demand and increased competition in Spain led to a decline in rebar prices. Rebar prices in Spain decreased by EUR 2 to EUR 578.
Poland
After trading at EUR 628 on 3 June, rebar prices in Poland remained unchanged in the new week as well. According to SteelRadar data, rebar prices are currently trading at EUR 628.
A similar situation was observed in the wire rod market. After rising by EUR 5 to EUR 675 in the last week of May, wire rod prices were trading at the same price on 10 June..
Netherlands
HMS ½ (80:20) scrap prices in the Netherlands, which increased by 1 USD to 351 USD in the week of 3 June, started the week of 10 June with an increase of 7 USD.
Prices are currently trading at 358 USD. Reaching 358 USD, prices continued their upward trend. This rise created a positive atmosphere in the scrap market.
Benelux
There is a similar upward trend in the Benelux region. Scrap prices, which traded between EUR 300-310 in late May and early June, started the new week with an increase of EUR 3, reaching EUR 313. This rise shows that the scrap market in the region remains buoyant.
UK
Steel mesh prices in the UK increased by USD 2 to USD 575. This increase is attributed to fluctuations in global steel markets and rising production costs. In particular, rising energy prices and supply chain problems in raw materials caused steel prices to increase.
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