ISUTAMI BEARINGS
en
Northern European Steel Prices Close To Bottom
ISUTAMI BEARINGS

Northern European Steel Prices Close To Bottom

Steel market activity in northern Europe is still very weak and there is no sign of an upturn in demand in the near term. Ex-mill selling values dropped again in November. Stockists and end-users remain reluctant to carry any more inventory than is absolutely necessary. However, prices are believed to be close to the bottom of the current cycle. Indeed, several mills have proposed increased basis figures.

Order tonnages have decreased in recent weeks in most countries in the region. Delivery lead times for strip mill products are short. Wholesalers and service centers have low inventory levels. Some customers are fixing deals for shipments in the first quarter of 2013 - suggesting that they anticipate rising prices. The MEPS Nordic Average Transaction Price for cold rolled coil decreased by 3.4 percent, this month.
 
Hot rolled plate prices remain under downward pressure but are thought to be close to bottoming out. Selling figures for commodity grade plates have dropped more than those for strip mill products. The MEPS Nordic Average Transaction Price for hot rolled commercial grade plate dropped by nearly 4 percent, in November. Higher specification plates are under less negative price pressure.

Transaction values for long products have fallen less dramatically than those for flat products. A recent upturn in scrap costs reduced the drop in prices for structural steels. There are a number of ongoing infrastructure and construction projects but demand, generally, is poor. Some rollings have been postponed owing to a lack of orders. Delivery lead times for certain items have, therefore, stretched. Steelmakers from Eastern Europe continue to offer material at competitive figures.
Related News
  • The Method of Minimizing the Noise of Tapered Roller Bearing

    The Method of Minimizing the Noise of Tapered Roller Bearing

    April 4, 2019Bearing is essential for mechanical operation. It is imperative to buy tapered roller bearings. But bearing is one of the sources of mechanical noise. After buying tapered roller bearings, how can we ...view
  • NSK Develops Highly Reliable Anti-Creep Design Tapered Roller Bearing For Mining Dump Trucks

    NSK Develops Highly Reliable Anti-Creep Design Tapered Roller Bearing For Mining Dump Trucks

    August 30, 2018Earlier this month NSK announced that it has developed a highly reliable anti-creep design roller bearing for preventing the axle wear due to inner ring creep*1 that occurs in tapered roller bearings ...view
  • Type Knowledge and Maintenance of Agricultural Bearings

    Type Knowledge and Maintenance of Agricultural Bearings

    April 4, 2019Bearing is the support of rotating shaft or movable parts of various machinery, which is widely used in agricultural machinery such as agricultural automobiles, tractors, diesel engines, motors, thres...view
  • The Meaning Of Bearing Life

    The Meaning Of Bearing Life

    August 30, 2018How long will a bearing last? Standardized life equations help to answer.Experience shows seemingly identical rolling bearings operated under identical conditions may not last the same amount of time....view
  • Characteristics of Tapered Roller Bearings

    Characteristics of Tapered Roller Bearings

    April 4, 2019Before buying tapered roller bearings, it is necessary to know the relevant knowledge of original crime stick bearings. This paper will introduce the characteristics and classification of tapered roll...view
  • Bicycle Headset Bearings

    Bicycle Headset Bearings

    February 26, 2019The headset is the set of components on a bicycle that provides a rotatable interface between the bicycle fork and the head tube of the bicycle frame itself. The short tube through which the steerer o...view
  • TEL:+86-574-6399-8066
  • FAX:+86-574-6399 8025
  • EMAIL: sales@isutami.com
  • ADDRESS:No.500, North 3rd Ring Road West, Cixi, Ningbo, 315300,China