CIS bar/rod export markets are quiet as holidays loom
Wednesday, 15 July 2009
CIS export pricesApril - August 2009, FOB $/t
Rebar April 09 350-425
May 09 380-430
Jun 09 385-440
Jul 09 400-450
Aug 09 400-440
Wire Rod April 09 350-400
May 09 370-410
Jun 09 390-430
Jul 09 400-440
Aug 09 400-430
* SBB ForecastHaving livened up a little in late June/early July, CIS long product export prices are "drifting again", market sources tell Steel Business Briefing. Demand also appears to be dwindling, as quiet August is approaching with Ramadan in the Middle East and North Africa, and summer holidays in Europe.With Russia still not offering any long products for export, Black Sea rebar and rod market are being taken by Turkey and Ukraine. Byelorussia is also reported to be selling, mainly to North Africa this month, and Moldova is said to be exploring possibilities, having restarted production after three months' break, sources say.Although demand is described as waning, the opportunities after August may be better than anticipated, one producer says. Egypt is promising to regain strength, along with the Gulf region, North Africa and the rest of the Middle East. For wire rod, India, Korea and South-East Asia are already indicating their interest in importing from the CIS. "Too much money was ploughed into the economy in the H1 this year," one market observer explains. "These funds need to work – and the banks be bound to start crediting the construction industry, which will give an impetus for long products market growth," she says. She warns, along with others, that unrestrained production increases threaten to ruin the recovery.Prices are in the region of $400-440/tonne fob Black/Baltic Sea, depending on the origins and the destination. The sentiment that although it is slow now and will be for the next month or two, scrap prices are "unrelenting" and rebar and wire rod markets are likely to start picking up in the Autumn.
( http://hectorhec.jimdo.com )
( www.steelbb.com )
miércoles, 15 de julio de 2009
viernes, 10 de julio de 2009
N. European coil prices set to rise slowly
Friday, 10 July 2009
The third quarter €20-30/t price increases being sought by northern Europe's strip mills have so far only had a minimal effect on the market. Distributors have mixed feelings as to whether the market is yet able to absorb them. However for HRC, they believe an increase to above €400/tonne is now possible. CRC is said by some to be in the range €420-440/t, or slightly more.“I think that €20/t more will be accepted, but producers should not think that €30/t or €40/t will come through in the third quarter," says the head of an independent German service centre. But this might be possible "if you take the third and fourth together,” he adds.He confirms his company has felt "an upswing of activity compared with some weeks ago." But "we’re not back to full-time activity," he says, noting that the service centre is now operating two shifts.“With our supplier, we won’t have to pay an increase in July, but we were asked, and are prepared to do so in August,” a French stockist comments. Nevertheless, one local producer is positive that rising demand will allow the rises to go through. “We are more than fully booked in Q3, and lead times are spilling over from delivery in September into October now,” a sales manager says. “The last orders we had for HRC were at €370-380/t, and we are expecting some €30/t more for upcoming orders, for delivery in October, so I will ask for a price that starts with a four,” he adds.
(http://hectorhec.jimdo.com )
info from www.steelbb.com
The third quarter €20-30/t price increases being sought by northern Europe's strip mills have so far only had a minimal effect on the market. Distributors have mixed feelings as to whether the market is yet able to absorb them. However for HRC, they believe an increase to above €400/tonne is now possible. CRC is said by some to be in the range €420-440/t, or slightly more.“I think that €20/t more will be accepted, but producers should not think that €30/t or €40/t will come through in the third quarter," says the head of an independent German service centre. But this might be possible "if you take the third and fourth together,” he adds.He confirms his company has felt "an upswing of activity compared with some weeks ago." But "we’re not back to full-time activity," he says, noting that the service centre is now operating two shifts.“With our supplier, we won’t have to pay an increase in July, but we were asked, and are prepared to do so in August,” a French stockist comments. Nevertheless, one local producer is positive that rising demand will allow the rises to go through. “We are more than fully booked in Q3, and lead times are spilling over from delivery in September into October now,” a sales manager says. “The last orders we had for HRC were at €370-380/t, and we are expecting some €30/t more for upcoming orders, for delivery in October, so I will ask for a price that starts with a four,” he adds.
(http://hectorhec.jimdo.com )
info from www.steelbb.com
martes, 7 de julio de 2009
HR coil prices continue upward trend, says The Steel Index
HR coil prices continue upward trend, says The Steel Index
Tuesday, 07 July 2009
The latest reference prices from The Steel Index show that there was a strong movement upwards in HR coil prices in Europe since last week, and US HR coil prices consolidated after last week’s rise.
Turkish domestic prices also increased above last week’s price levels, as did Chinese export prices.
The HRC ex-works reference price in northern Europe rose by €20/tonne since last week, and is now at €398/tonne ($557/t). Both the CRC and HDG prices are broadly unchanged since last week. Average lead-times for all coils are similar to last week and are all around 7 weeks.In southern Europe, HRC increased by €16/tonne. CRC and HDG rose by similar amounts and CR coil ex-works reference price is €435/tonne ($609/t).
All coil deliveries are more than a week shorter than last week, with HRC average delivery time at 4.8 weeks.
The US HRC reference price FOB Midwest mill is now at $436/short ton ($481/tonne), while CRC rose by $11/short ton from the previous week’s levels. The average delivery lead-time for HDG coils is longer than last week at 7.3 weeks.Domestic Turkish CRC and HRC prices, ex-works, are both higher than last week, with HRC now up by $19/tonne to $545/tonne. For Chinese coil exports to Europe and North America, HR coil export prices moved upwards, with the reference price, FOB stowed China port, now at $505/tonne.
( http://hectorhec.jimdo.com )
( www.steelbb.com )
Tuesday, 07 July 2009
The latest reference prices from The Steel Index show that there was a strong movement upwards in HR coil prices in Europe since last week, and US HR coil prices consolidated after last week’s rise.
Turkish domestic prices also increased above last week’s price levels, as did Chinese export prices.
The HRC ex-works reference price in northern Europe rose by €20/tonne since last week, and is now at €398/tonne ($557/t). Both the CRC and HDG prices are broadly unchanged since last week. Average lead-times for all coils are similar to last week and are all around 7 weeks.In southern Europe, HRC increased by €16/tonne. CRC and HDG rose by similar amounts and CR coil ex-works reference price is €435/tonne ($609/t).
All coil deliveries are more than a week shorter than last week, with HRC average delivery time at 4.8 weeks.
The US HRC reference price FOB Midwest mill is now at $436/short ton ($481/tonne), while CRC rose by $11/short ton from the previous week’s levels. The average delivery lead-time for HDG coils is longer than last week at 7.3 weeks.Domestic Turkish CRC and HRC prices, ex-works, are both higher than last week, with HRC now up by $19/tonne to $545/tonne. For Chinese coil exports to Europe and North America, HR coil export prices moved upwards, with the reference price, FOB stowed China port, now at $505/tonne.
( http://hectorhec.jimdo.com )
( www.steelbb.com )
jueves, 2 de julio de 2009
Rebars prices dropping!!!
Rebar prices dropping, plate stable: The Steel Index
Thursday, 02 July 2009
The latest reference prices released by The Steel Index this week show that northern and southern European rebar prices have fallen since last week. The northern European plate price rose compared to a week ago, while the southern European plate price is essentially unchanged, as is the US plate reference price.The rebar ex-mill reference price in northern Europe is €14/tonne lower than last week’s levels, and the average lead-time is just longer at 3.8 weeks. The southern European rebar ex-mill reference price is also lower at €328/tonne ($461/t), and the average delivery time is shorter at 2.3 weeks. In southern Europe the plate ex-mill reference price is just lower than last week at €408/tonne ($574/tonne). The average delivery time is almost unchanged at 5.2 weeks. The plate ex-mill reference price in northern Europe is €14/tonne higher than last week. Average deliveries are unchanged compared to the previous week at 5 weeks.The US plate FOB Midwest mill reference price is $1/short ton lower than last week at $578/short ton ($637/tonne). The average US plate delivery time is almost a week shorter than last week at 3.7 weeks.
( http://hectorhec.jimbdo.com )
( www.steelbb.com )
Thursday, 02 July 2009
The latest reference prices released by The Steel Index this week show that northern and southern European rebar prices have fallen since last week. The northern European plate price rose compared to a week ago, while the southern European plate price is essentially unchanged, as is the US plate reference price.The rebar ex-mill reference price in northern Europe is €14/tonne lower than last week’s levels, and the average lead-time is just longer at 3.8 weeks. The southern European rebar ex-mill reference price is also lower at €328/tonne ($461/t), and the average delivery time is shorter at 2.3 weeks. In southern Europe the plate ex-mill reference price is just lower than last week at €408/tonne ($574/tonne). The average delivery time is almost unchanged at 5.2 weeks. The plate ex-mill reference price in northern Europe is €14/tonne higher than last week. Average deliveries are unchanged compared to the previous week at 5 weeks.The US plate FOB Midwest mill reference price is $1/short ton lower than last week at $578/short ton ($637/tonne). The average US plate delivery time is almost a week shorter than last week at 3.7 weeks.
( http://hectorhec.jimbdo.com )
( www.steelbb.com )
Suscribirse a:
Entradas (Atom)
