Price of steel products in Northern Europe 01 months increase

A large manufacturer in the region said it has temporarily withdrawn from the market, leaving many traders think that prices will rise early last year.

While sources in France and the Benelux also said the orders were delivered April 01 and 02 has increased, so the manufacturer is considering all factors before returning to the market in the second week of May 01. This is a signal that production capacity will increase the offer price.

A trader in the Benelux expected in January 2001 asking price will increase by 20-30 euros per ton, mainly driven by cost of production as raw materials and energy rise.

ArcelorMittal is the manufacturer aims to raise the price of hot rolled steel shipments to the HRC 550 EUR / ton in the last quarter of a year.

The supply of cold rolled steel CRC has tightened, so prices will increase capacity by 50 EUR / ton in the quarter. CRC are currently factory price at EUR 620-650 per tonne (U.S. $ 813-852 per ton), while the HRC at EUR 520-530 per ton.