Prices for European long positions show upward tension amid low order levels
There was a slight price increase in the European long products markets last week, but no higher-level deals were actually concluded.
In the local rebar market in Italy, end consumers still buy rebar at the same level - about 260-280 euros per ton from the factory (525-545 euros per ton from the factory, including the usual additional costs). Despite the fact that some producers are trying to demand significant price increases, even by about 50 euros per ton, the market seems to be reacting coldly, and there is no confirmation of orders closing at higher prices. "Someone who has an urgent need to buy can agree to 300 million euros[ex-works base], but no more," an Italian source said. "Manufacturers seem intent on maintaining these prices[higher by €50/mt]while waiting for previous shipments to be completed. They remain tight, and customers are perplexed," another source said, as demand for fittings is currently not so high. According to SteelOrbis, some of the reasons behind these requests for an increase could be that market players could take advantage of the partial absence of a competitor due to an accident that occurred at the end of October at one of its plants.
However, a source at the same manufacturing plant confirmed that "The consequences of this accident for the market were minimal, and repair work continues. The plant should be fully operational again by next week."
In the Italian wire rod market, November prices settled at the levels previously mentioned by SteelOrbis, that is, at 565-580 euros per ton for the quality of the drawing and 545-560 euros per ton for the quality of the mesh, while the first expectations for December indicate attempts to raise prices by about 5 euros/ton for тонну.mt for both categories. On the other hand, in Central and Eastern Europe, as well as in Germany, wire rod prices in November consolidated at 565-580 euros per ton with delivery and 575-590 euros per ton with delivery, respectively, while wire rod prices in November consolidated at 560-570 euros per ton with delivery and 550-565 euros per ton with delivery. goals scored, respectively.
Some sources report that the export prices for rebar from Spanish ports to Ireland and the UK are 570 euros per ton on FOB terms, which is 30 euros higher than the last price recorded by SteelOrbis last week, when possible discounts of 10-20 euros per ton were also considered.
Finally, in the import segment, rebar and wire rod prices from Turkey were reported to be approximately 515 euros per ton and 525 euros per ton, respectively, which is about 10 euros per ton higher than last week due to the change in