The EU steel prices relatively stable

Due to the improvement of the economic climate, the western European market activity is now slowly increase. The order of local iron and steel production enterprises have more satisfactory. Although there are some in some countries or to monitor the existence of negative pressure, but the basic price of the whole eu market products without any change. Nevertheless, their raw material cost is still very low, give local steel mills, steel sales price support is still limited. Many came from other countries outside the eu steel producers continue to compression plate prices down. Most steel buyers are now starting to show more interest, however, due to the time of delivery is very long, involved the order of these products will be arrived during the summer holiday. Overall, although the eu market environment is not very good, but the steel price is relatively stable.

In Germany, the buyers is expected in the third quarter of the local market steel prices will remain stable or decreased slightly. Specific prices will depend on the actual demand. At present, the steel market demand is a bit better than the same period in 2014. Local steel service center is busy for operation of the automotive industry supply material, at the same time, their steel sales of construction is satisfactory. In spite of this, the local steel service center of profit margins are gained by the wholesalers are still very low, because the German steel industry overcapacity, supply now.

In France, people focus on the market of domestic economic recovery still report skeptical, because so far they haven’t seen any signs of economic recovery. The activity of the local steel market is still a general downturn, especially in the construction industry and energy industry worse than any other industry. At the moment, the French steel companies unable to raise steel prices. Other countries from outside the European Union steel imports has increased, because China’s and India’s steel suppliers are already adjust their prices to consistent with local steel prices.

Italian market plank product base price is lower than previously expected, mainly due to inlet pressure. In particular, China’s steel product supply for the Italian market is increasing. In the first quarter of 2015, the Italian industrial production activity, slow start. However, activity somewhat accelerated in March. Relevant statistics show that car manufacturing is the only industry local activity really improved. The recovery of car manufacturing, now is the mainspring of the Italian market steel consumption. Local steelmakers are now trying to raise steel prices, perhaps this is not necessarily can be satisfied, but at least it should be for the local steel market price stability.

In the UK market, according to the local steel service center report, although in some cases in March sales price may be slightly lower, but business is still in good level in April. Steel resale will have a reasonable profit. The local steel factory has stopped down basic price. Buyers think prices have bottomed out now, but, in the third quarter will also be affected by the exchange rate changes. Now, traders no longer increases steel procurement in China, because the price of imported steel from China than in Europe only the local steel mill steel price a bit cheaper.

In Belgium, the local iron and steel manufacturers inventory there are a lot of steel. In order to get the order, the competition between the iron and steel enterprises a lot. As a result, their profit is very thin now. Local market expectations, Belgium the condition of the steel market will continue until September.

In Spain, steel buyers who are waiting to see the European steel production to other countries outside the eu steel producers of very attractive price will be how to respond. Local steel makers will have to make a decision quickly, otherwise, the users will steel purchasing foreign imports of cheap steel. In fact, because of the price gap is quite large, the Spanish domestic companies overseas steel have been ordered. Still, the Spanish domestic manufacturers are not willing to provide price discount, because their orders at present is satisfying. Investigate its reason, mainly because of domestic steel consumption is expanding in Spain, their export sales are quite good at the same time, makes the steel got good balance supply and demand.