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| European flat product market warms up post vacation - 10 Sep, 2010 | ||||||||||||||||
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HRC The market is gearing up after August holidays. European mills are attempting to push prices but the activity remains low. However it is widely anticipated that it is a matter of time before the bells start ringing. Domestic mills have hiked their offers by EUR 30 per tonne to EUR 60 per tonne touching levels of EUR 560 per tonne to EUR 590 per tonne delivered since the August 1st week. But this seems to be an exercise in testing the water as market is yet to react. However in the absence of lucrative import offers it should settle down with an increment of EUR 10 per tonne to EUR 20 per tonne ie at EUR 540 per tonne to EUR 550 per tonne levels. CRC & HDG Imported CRC and HDG offers have improved by EUR 10 per tonne to EUR 15 per tonne CFR as buyer’s troop back into the market. Some bookings of CRC from China and Brazil have been heard at EUR 600 per tonne to EUR 630 CFR up from EUR 570 per tonne to EUR 615 per tonne CFR main EU port from last week. Likewise HDG bookings from China stand at EUR 620 per tonne to EUR 645 per tonne CFR main EU port, up from offers at EUR 610 per tonne to EUR 620 CFR last week. It is expected that prices will improve progressively during the due to stock replenishment after the vacation and hike in cost of input material viz., iron ore and scrap. www.steelprices-europe.com is a comprehensive service for tracking real time steel prices and trends in both South and North Europe on weekly basis. The scope of service includes 1. Domestic pricing information in Germany, Italy and Spain 2. Import pricing information in Germany, Italy and Spain 3. Import levels at Antwerp and Turkey 4. Export levels from Turkey, Rotterdam, China, India and Black Sea The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the region Methodology and access 1. Benchmark products in each category with fixed commonly used sizes and grades 2. Base prices or effective, as per market trends 3. Average transaction levels which have settled well, based on continuous interactions with domestic mills, overseas suppliers, importers stockiest & service centers and buyers 4. On fixed market oriented payment terms 5. Weekly updates 6. Data available since February 2009 5. Access through web site Products covered 1. Input materials and semis in Europe 2. Long Products in Europe 3. Flat Products in Europe 4. CFR Turkey prices 5. FOB levels for export FOB Black Sea, China, Turkey and India The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available. In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data. Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news. Subscription charges for 12 months access
How to subscribe 1. Register at www.steelprices-europe.com and pay on line or ask for invoice 2. Send mail to admin@steelprices-europe.com. (Sourced from www.steelprices-europe.com) | ||||||||||||||||
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