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European steel mills are expected to push for further price increases for medium sections in the near future as order books remain strong, market participants told S&P Global Platts in the week ended Jan. 20. This was reported by the Eurometal website.

EU section prices hold at 12-year high, mills seek further increases

Highest level since September 2008

The European Platts price for medium sections (category 1, S235 JR) was assessed at 735 euros/mt delivered on January 20, stable from the previous week and holding at the highest level since September 2008, when the assessment was 835 euros/mt delivered.

A trader source reported a deal for 2,000 mt at Eur730/mt delivered Benelux in the week ending January 15, with prices expected to rise to as high as Eur760/mt delivered Benelux in the short term.

End-user section prices are being increased by mills

“Mills are gradually pulling up the end-user price,” the source said. “Our current selling price is just above the new purchase price and demand is okay, but there is a [price] gap emerging for February end-user sales bought in January – so we’ll see.”

Source: eurometal.net


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