Immediate action to unite and advance bravely
As raw material costs rose, the EU is preparing steel flat products price increase early next year. Dollar against the euro recently also limits the EU steel imports, and the current inventory of dealers and users at a low level, they need replenishment. However, the economic development of EU countries there are still many uncertainties, there can be no more steel consumption has also increased significantly.
Germany: steel consumption continues to make steady, slow growth, the service center sales to gradually improve the end user. Local steel mills seek to 1,2 months of 2011, delivered product price increases, this impact, many buyers now begin to place large orders, but not usually up before the order.
France: coil prices continue to fall by the end of November, but into December, the buyer began ordering pushed prices slightly higher. There are indications that next year prices will rise significantly 1-3 months, or depending on the end-user order situation. Currently, the French steel demand is acceptable dealer inventory levels low.
Italy: market improved slightly, mainly imported from third countries, not much pressure, steel mills plan price hike early next year. But the end demand is still sluggish, dealers pass on higher steel prices and the end user still has some difficulty.
United Kingdom: While steel consumption weak, but by the international and EU markets, driven by slow recovery, the local steel mills are also trying to raise prices in January next year and look forward to further price increases next 2,3 months.
Spain: flat products market is more plain, but the procurement to become more active in recent weeks, partly due to the current exchange rate fluctuations, the user concerns about higher input costs will drive the domestic steel prices.
