17 February 2022 – Plate prices in the EU are rising strongly due to strong demand, especially from the infrastructure and wind power sectors. Logistics real estate in Europe hotly sought after. And for commodity price movements continue to go up.
EU re-rollers raise plate prices
The prices for European heavy plate are currently on the rise. The Italian rolling mills in particular have increased their offers. Strong demand and rising slab costs are the main price drivers in Southern Europe, along with energy.
Infrastructure projects generate enormous demand
European infrastructure projects are currently generating enormous demand. And many construction works have already started due to the positive weather conditions.
Wind power plants on the upswing
There also seems to be a more positive outlook for the struggling wind turbine manufacturers in Germany. As early as December 2021, offshore areas for an additional 3 GW were proposed by the German Federal Ministry of Economics.
To this end, as recently as December 2021, the European Commission had imposed definitive anti-dumping duties of up to 19.2% on imports of certain utility-scale steel wind turbine towers originating in the People’s Republic of China v. This is likely to generate additional demand for heavy plate in the European Union.
Plate processors with full order books
Overall, plate processors are reporting full order books. Market sources said that demand is expected to remain strong.
Real estate market: interest in commercial properties high
According to Deutsche Bank, commercial real estate in Europe was in high demand among investors last year. Thanks in part to a good fourth quarter, transactions involving office, logistics and other types of property outside the UK reached around 275 billion euros – a record high.
Logistics properties in strong demand
In Germany, Sweden, Norway and Spain, the volume was already above the pre-crisis level. Interest in logistics properties, which are benefiting from the continuing trend towards online shopping and the increasing movement of goods in the course of the economic recovery, has again grown particularly strongly compared to the previous year.
Real estate outlook for 2022 remains positive
The outlook for 2022 for commercial real estate remains positive and could lead to further increases in value.
Price movements in commodities continue upwards
Price movements in commodities continue to go up today. On the LME, aluminium and nickel have started with positive gains. Nickel is currently at about $ 24,000 per tonne. Chinese spot prices for stainless steel rose again today, in part by more than 2%.
Commodity traders back with force
IHS Markit also reports that commodity prices as a whole have risen significantly in the last week due to the vigorous return of many traders. The IHS Markit Price Index was significantly influenced by ferrous commodities in recent weeks.
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We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
