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According to the British analytical agency MEPS International Ltd., the cost of long products in Europe has remained relatively stable after an initial recovery earlier this year. However, the market is closely related to the import of scrap from Turkey and fluctuations in prices for this product. These factors led to inconsistent changes in sales figures across Europe and across a wide range of products in early April.
Demand for beams and commercial beams is projected to rebound with the start of the construction season. Several beam factories have tried to raise the value of the deals. However, the availability is still good enough, which limits the upside opportunities for now. Sales volumes from Liberty Steel's plants in the Czech Republic and the United Kingdom are limited due to financial problems associated with the steel group. This has not yet affected the market supply and prices.
In April, the cost of beams was different in all European countries studied. Market activity declined ahead of the Easter holidays. However, it should rise in April and May due to the seasonal recovery in the construction sector.
Beam sales in Germany are stable and the factories continue to report good order books. In particular, Italian producers are benefiting from increased export demand both in Europe and beyond. In general, the market sentiment is relatively positive. However, despite the fact that shareholders report good sales in March, French, Belgian and British distributors are expressing concerns about their ability to maintain profit margins if their purchase prices continue to rise.
Construction activity in Scandinavia is doing well or improving, with the exception of Finland, where housing construction has declined, albeit marginally. Structural element prices in euro equivalent increased slightly in the Netherlands and Norway. In other countries, they remained stable. Local beam suppliers have a complete production schedule for next month.
A slight increase in base prices for long products was recorded in southern Europe and Finland over the past month. On the contrary, prices declined in France, Belgium and the United Kingdom. Baselines remained stable in Austria and Norway. In the UK, buyers are looking to alternative sources of supply due to the financial situation of the local mill. Therefore, import quotas are expected to be used no later than mid-May.
