March 2011 | Coated Steels
Central European mills abandon price hike attempts: European Market Highlights
Lead times have come in for most HDG products.
In central Europe, USS Kosice was unsuccessful in its attempts to get €750/tonne base for HDG for April sales and brought back its price to €715/tonne, although it may end up selling closer to €700/tonne – in line with last month prices. That would put 1mm Z100 at around €760/tonne. ArcelorMittal into Poland and Czech Republic is reportedly willing to sell at or just above €700/tonne base, while Hungarian producer Dunaferr is also aggressively seeking business. Consumers on the distributor side are well-stocked and are willing (and able) to wait out mills.
Lead times drop in Western EuropeLead times have come in for most HDG products, with mills having construction grade galv at around 8 weeks, although auto-grades remain around 10-12 weeks. To us this indicates that distributors are now well-stocked, although certain end-user...
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