ArabicArabicFrenchFrenchSpanishSpanishRussianRussianGermanGermanItalianItalianJapaneseJapaneseKoreanKoreanPortuguesePortugueseHindiHindiRomanianRomanianPolishPolishThaiThaiEnglishEnglish

+86-731-84625800info@hgsteelpipe.com

Facebook
Twitter
Youtube
LinkedIn
Pinterest

STEEL PIPE & PIPE FITTING
  • Home
  • Our story
  • Products
    • Carbon Seamless Steel pipe
      • API 5L GR.B seamless steel pipe
      • API 5L GR.X42 seamless steel pipe
      • API 5L GR X52 seamless steel pipe
      • API 5L GR.X56 seamless steel pipe
      • API 5L GR.X60 seamless steel pipe
      • API 5L GR.X65 seamless steel pipe
      • ASTM A106 GR.B Seamless steel pipe
      • ASTM A179 Boiler tube
      • ASTM A192 heat ex changer tube
      • ASTM A210/A210M Seamless bolier tube
      • ASTM A519 Seamless steel pipe
      • EN10210 Seamless steel pipe
      • EN10216 Structural Steel Pipe
      • DIN 2391 ST52 seamless steel pipe
      • DIN 1629 ST37 Structural Steel Pipe
      • ASTM A333 Grade.3 seamless pipe for Low-Temperature
      • ASTM A333 Grade.6 seamless pipe for Low-Temperature
    • Carbon Welded Steel Pipe
      • API 5L GR.B ERW steel pipe for liquid transportation
      • ASTM A53 GR.B ERW WELDED STEEL PIPE
      • API 5L GR.X42 ERW steel pipe
      • API 5L GR.52 ERW steel pipe
      • API 5L GR.X56 ERW steel pipe
      • API 5L GR.X60 ERW steel pipe
      • SAN657-3 ERW Structural STEEL PIPE
    • LSAW steel pipe
      • API 5L PSL1 /PSL2 LSAW steel pipe
      • API 5L GR.B LSAW steel pipe
      • API 5L GR.X42 LSAW steel pipe
      • API 5L GR.52 LSAW steel pipe
      • API 5L GR.X56 LSAW steel pipe
      • API 5L GR.X60 LSAW steel pipe
      • API 5L GR.X65 LSAW steel pipe
      • ASTM A53 LSAW steel pipe
      • ASTM A252 LSAW steel pipe
      • ASTM A671 LSAW steel pipe
      • ASTM A672 LSAW steel pipe
      • ASTM A572 LSAW steel pipe
      • EN10219-2 LSAW steel pipe
    • Spiral Steel Pipe
      • API 5L PSL1/PSL2 Spiral steel pipe
      • API 5L GR.B Spiral steel pipe
      • API 5L GR.X42 Spiral steel pipe
      • API 5L GR.X46 Spiral steel pipe
      • API 5L GR.52 Spiral steel pipe
      • API 5L GR.X56 Spiral steel pipe
      • API 5L GR.X60 Spiral steel pipe
      • API 5L GR.X65 Spiral steel pipe
      • Low pressure liquid transportation steel pipe
      • Pile pipe
      • ASTM A53 GR.B Spiral steel pipe
      • ASTM A252 GR.2/GR.3 spiral steel pipe
      • EN10219-2 Spiral Steel pipe
      • ASTM A572 GR50/GR.60 spiral steel pipe
    • Structural Steel Hollow Sections
      • BS1387 ERW STRUCTUAL STEEL PIPE
      • JIS 3452 ERW STRUCTUAL STEEL PIPE
      • AS1163 ERW STRUCTUAL STEEL PIPE
      • Scaffolding Pipes & Tubes
      • ASTM A500 Rectangular steel tube
      • ASTM A500 Square Steel tube
      • ASTM A500 Structural Steel Hollow sections
      • AS1163 Rectangular Hollow sections( RHS)
      • AS1163 Structural Steel Hollow Sections
    • Alloy Steel tube
      • ASTM A 213 T5 Alloy Steel Seamless tubes
      • ASTM A213 T9 Alloy Steel Seamless tubes
      • ASTM A213 T11 Alloy Steel Seamless tubes
      • ASTM A213 T22 Alloy Steel Seamless tubes
      • ASTM A 213 T91 Alloy Steel Seamless tubes
      • ASTM A335 P9 Alloy Steel Seamless tubes
      • ASTM A335 P11 Alloy Steel Seamless tubes
      • ASTM A335 P91 Alloy Steel Seamless tubes
      • ASTM A 519 4140 seamless steel tubes
      • ASTM A 519 4145 seamless steel tubes
      • ASTM A 519 4130 seamless steel tubes
      • ASTM A 519 1026 seamless steel tubes
      • ASTM A 519 1045 seamless steel tubes
      • ASTM A 519 1020 seamless steel tubes
    • Stainless Steel pipe
      • ASTM A 312 304 Stainless Steel tubes
      • ASTM A 312 304L Stainless Steel tubes
      • ASTM A 312 310S Stainless Steel tubes
      • ASTM A 312 316 Stainless Steel tubes
      • ASTM A 312 316L Stainless Steel tubes
      • ASTM A 312 316Ti Stainless Steel tubes
      • ASTM A 312 317 Stainless Steel tubes
      • ASTM A 312 317L Stainless Steel tubes
      • ASTM A 312 347 Stainless Steel tubes
      • ASTM A 312 347H Stainless Steel tubes
      • ASTM A 312 321 Stainless Steel tubes
      • ASTM A 312 410 Stainless Steel tubes
      • ASTM B673, B677, B674 904L Stainless Steel tubes
      • ASTM A790 Duplex Steel S31803 tubes
      • ASTM A790 Duplex Steel S32205 tubes
    • Coating pipe
      • Galvanized Steel pipe
      • 3LPE coating steel pipe
      • 3LPP coating steel pipe
      • FBE Coating steel pipe
      • INTERZONE 954 epoxy Coating steel pipe
      • Z245.20 series Epoxy Coating steel pipe
    • Casing and Tubing
      • API 5CT K55 Casing
      • API 5CT J55 Casing and Tubing
      • API 5CT L80 Casing and Tubing
      • API 5CT N80 Casing and Tubing
      • API 5CT T95 Casing and Tubing
      • API 5CT P110 Casing and Tubing
      • API 5CT Q125 Casing and Tubing
      • API 5CT Couplings
    • Pipe fittings & flanges
      • Flanges
      • Blind flange
      • welded neck flange
      • Slip-on flange
      • lap joint flange
      • Threaded flange
      • square flange
      • Elbow
      • Tee
      • Reducer
      • Bends
      • cap
      • weldolet,sockolet threadolet
      • Stub end
    • Steel fabrication
    • Steel Plates & Sheets
      • Stainless Steel
      • Chrome Molybdenum
      • Structural Steel
      • Heat Resistant Steel
      • Pressure Vessel Steel
      • HIC Resistant Steel
  • Industry
    • Manufacturing process
      • Seamless Steel Pipe
      • ERW Steel Pipe
      • LSAW steel pipe
      • SSAW Steel Pipe
      • Casing & Tubing
      • Stainless steel pipe
      • Pipe Fitting
      • Coating
    • Equipment
      • COLD DRAWN STEEL PIPE PRODUCTION WORKSHOP
      • HOT ROLLED STEEL PIPE PRODUCTION WORKSHOP
      • PIPE FITTING PRODUCTION WORKSHOP
      • WELDED STEEL PIPE PRODUCTION WORKSHOP
    • Inspection
    • Service
  • Project
  • News
    • Company news
    • Industry-news
  • Contact us

News

  1. Home
  2. News
  3. European Steel Buyers Expect Further Pri...

European Steel Buyers Expect Further Price Cuts Before Year-End

Despite the regional steelmakers’ attempts to lift basis values, in order to restore profit margins, European strip mill product prices moved downwards, in October. Market activity deteriorated noticeably. The lack of orders from the automotive sector continues to have a negative effect on overall demand. Mill delivery lead times are short, allowing European steel buyers to either postpone purchasing decisions or to buy only small quantities.
Procurement by distributors is still weak, due to concerns about their resale margins. The year-end is approaching. As a result, businesses are reducing stocks. Mills are keen to book orders but most market participants, expecting even lower prices in the immediate future, remain very cautious. Moreover, global trade tensions, plus political and economic uncertainties, persist. Notwithstanding recent cutbacks in production by the major mills, customers perceive no significant supply tightness.
Germany
Strip mill product prices continue to fall, in the German market. The lack of activity in the auto industry creates negativity in the economy as a whole. Machinery manufacture is also under pressure, after many years of growth. The slowdown in steel demand left large gaps in mill order books. Steelmakers are offering discounts to generate sales. Nevertheless, buyers will only negotiate for their short-term requirements. Third country imports play a minor role in buyers’ decision making, at present, as customers expect domestic values to decrease further.
France
End-user activity was generally good on the French market, in October, but prices continued to fall. Apparent demand is very low. Mills struggle to fill their order books. A further slowdown is expected, in an atmosphere of continuously decreasing prices. A number of service centres report a drop in sales volumes of around 15 percent. Those dealing with the auto sector still enjoy reasonable margins. For the rest of industry, profits have contracted rapidly.
Italy
A number of issues afflict the Italian steel sector. The economic outlook is negative, with automotive, construction and mechanical engineering performing poorly. Service centres continue to destock. Resale values are very low. Supplying mills can deliver almost immediately, negating the need for buyers to order large quantities. Moreover, scrap prices have been steadily revised downwards, over the past nine months. Domestic strip mill product values came under renewed negative pressure, in October, as importers’ offers became more competitive.
UK
UK basis figures continue to decline, this month, due to very low demand. Customers refrain from concluding deals because of the downward price trend. Moreover, many service centres are already covered for their current needs. Speculative purchases are being avoided due to Brexit uncertainty. Steelmakers offered further discounts. UK and European steel buyers see no signs of any short-term recovery. Although distributors’ resale values are weakening, a number report that profit margins remain acceptable.
Belgium
In Belgium, conditions are weak, with pessimistic forecasts for 2020. Fifteen to twenty percent of Belgium’s industrial production is supplied to companies in Germany. The economic downturn in that country has a severe impact on suppliers in Belgium. End-users are only buying for their short-term needs. Mills are chasing orders and cutting output. Large service centres are also keen to sell in order to improve turnover and to reduce inventories before the year-end. Intense competition in the distribution sector led to discounting. Mill basis values came under renewed pressure, in October.
Spain
Market participants, in Spain’s steel sector, were surprised by the rapid decline in strip mill product prices, during late September/October. A lack of activity and the recent drop in scrap expenditure were catalysts for the negative price trend. The situation was aggravated by the fact that, as prices plummeted, buyers adopted a “wait and see” position, before making further purchases. Uncertainty, both political and economic, will do little to reverse the current situation, during the remainder of this year.
TAG: Steel sector,  steeel demand, steel pirce, steel order,steel buyer, steelmaker,

Related News

Categories

  • Manufacturing process
    • Seamless Steel Pipe
    • ERW Steel Pipe
    • LSAW steel pipe
    • SSAW Steel Pipe
    • Casing & Tubing
    • Stainless steel pipe
    • Pipe Fitting
    • Coating
  • Equipment
    • COLD DRAWN STEEL PIPE PRODUCTION WORKSHOP
    • HOT ROLLED STEEL PIPE PRODUCTION WORKSHOP
    • PIPE FITTING PRODUCTION WORKSHOP
    • WELDED STEEL PIPE PRODUCTION WORKSHOP
  • Inspection
  • Service

Product Categories

  • Carbon Seamless Steel pipe
    • API 5L GR.B seamless steel pipe
    • API 5L GR.X42 seamless steel pipe
    • API 5L GR X52 seamless steel pipe
    • API 5L GR.X56 seamless steel pipe
    • API 5L GR.X60 seamless steel pipe
    • API 5L GR.X65 seamless steel pipe
    • ASTM A106 GR.B Seamless steel pipe
    • ASTM A179 Boiler tube
    • ASTM A192 heat ex changer tube
    • ASTM A210/A210M Seamless bolier tube
    • ASTM A519 Seamless steel pipe
    • EN10210 Seamless steel pipe
    • EN10216 Structural Steel Pipe
    • DIN 2391 ST52 seamless steel pipe
    • DIN 1629 ST37 Structural Steel Pipe
    • ASTM A333 Grade.3 seamless pipe for Low-Temperature
    • ASTM A333 Grade.6 seamless pipe for Low-Temperature
  • Carbon Welded Steel Pipe
    • API 5L GR.B ERW steel pipe for liquid transportation
    • ASTM A53 GR.B ERW WELDED STEEL PIPE
    • API 5L GR.X42 ERW steel pipe
    • API 5L GR.52 ERW steel pipe
    • API 5L GR.X56 ERW steel pipe
    • API 5L GR.X60 ERW steel pipe
    • SAN657-3 ERW Structural STEEL PIPE
  • LSAW steel pipe
    • API 5L PSL1 /PSL2 LSAW steel pipe
    • API 5L GR.B LSAW steel pipe
    • API 5L GR.X42 LSAW steel pipe
    • API 5L GR.52 LSAW steel pipe
    • API 5L GR.X56 LSAW steel pipe
    • API 5L GR.X60 LSAW steel pipe
    • API 5L GR.X65 LSAW steel pipe
    • ASTM A53 LSAW steel pipe
    • ASTM A252 LSAW steel pipe
    • ASTM A671 LSAW steel pipe
    • ASTM A672 LSAW steel pipe
    • ASTM A572 LSAW steel pipe
    • EN10219-2 LSAW steel pipe
  • Spiral Steel Pipe
    • API 5L PSL1/PSL2 Spiral steel pipe
    • API 5L GR.B Spiral steel pipe
    • API 5L GR.X42 Spiral steel pipe
    • API 5L GR.X46 Spiral steel pipe
    • API 5L GR.52 Spiral steel pipe
    • API 5L GR.X56 Spiral steel pipe
    • API 5L GR.X60 Spiral steel pipe
    • API 5L GR.X65 Spiral steel pipe
    • Low pressure liquid transportation steel pipe
    • Pile pipe
    • ASTM A53 GR.B Spiral steel pipe
    • ASTM A252 GR.2/GR.3 spiral steel pipe
    • EN10219-2 Spiral Steel pipe
    • ASTM A572 GR50/GR.60 spiral steel pipe
  • Structural Steel Hollow Sections
    • Scaffolding Pipes & Tubes
    • ASTM A500 Rectangular steel tube
    • ASTM A500 Square Steel tube
    • ASTM A500 Structural Steel Hollow sections
    • AS1163 Rectangular Hollow sections( RHS)
    • AS1163 Structural Steel Hollow Sections
    • BS1387 ERW STRUCTUAL STEEL PIPE
    • JIS 3452 ERW STRUCTUAL STEEL PIPE
    • AS1163 ERW STRUCTUAL STEEL PIPE
  • Alloy Steel tube
    • ASTM A 213 T5 Alloy Steel Seamless tubes
    • ASTM A213 T9 Alloy Steel Seamless tubes
    • ASTM A213 T11 Alloy Steel Seamless tubes
    • ASTM A213 T22 Alloy Steel Seamless tubes
    • ASTM A 213 T91 Alloy Steel Seamless tubes
    • ASTM A335 P9 Alloy Steel Seamless tubes
    • ASTM A335 P11 Alloy Steel Seamless tubes
    • ASTM A335 P91 Alloy Steel Seamless tubes
    • ASTM A 519 4140 seamless steel tubes
    • ASTM A 519 4145 seamless steel tubes
    • ASTM A 519 4130 seamless steel tubes
    • ASTM A 519 1026 seamless steel tubes
    • ASTM A 519 1045 seamless steel tubes
    • ASTM A 519 1020 seamless steel tubes
  • Stainless Steel pipe
    • ASTM A 312 304 Stainless Steel tubes
    • ASTM A 312 304L Stainless Steel tubes
    • ASTM A 312 310S Stainless Steel tubes
    • ASTM A 312 316 Stainless Steel tubes
    • ASTM A 312 316L Stainless Steel tubes
    • ASTM A 312 316Ti Stainless Steel tubes
    • ASTM A 312 317 Stainless Steel tubes
    • ASTM A 312 317L Stainless Steel tubes
    • ASTM A 312 347 Stainless Steel tubes
    • ASTM A 312 347H Stainless Steel tubes
    • ASTM A 312 321 Stainless Steel tubes
    • ASTM A 312 410 Stainless Steel tubes
    • ASTM B673, B677, B674 904L Stainless Steel tubes
    • ASTM A790 Duplex Steel S31803 tubes
    • ASTM A790 Duplex Steel S32205 tubes
  • Coating pipe
    • Galvanized Steel pipe
    • 3LPE coating steel pipe
    • 3LPP coating steel pipe
    • FBE Coating steel pipe
    • INTERZONE 954 epoxy Coating steel pipe
    • Z245.20 series Epoxy Coating steel pipe
  • Casing and Tubing
    • API 5CT K55 Casing
    • API 5CT J55 Casing and Tubing
    • API 5CT L80 Casing and Tubing
    • API 5CT N80 Casing and Tubing
    • API 5CT T95 Casing and Tubing
    • API 5CT P110 Casing and Tubing
    • API 5CT Q125 Casing and Tubing
    • API 5CT Couplings
  • Pipe fittings & flanges
    • Flanges
    • Blind flange
    • welded neck flange
    • Slip-on flange
    • lap joint flange
    • Threaded flange
    • square flange
    • Elbow
    • Tee
    • Reducer
    • Bends
    • cap
    • weldolet,sockolet threadolet
    • Stub end
  • Steel fabrication
  • Steel Plates & Sheets
    • Stainless Steel
    • Chrome Molybdenum
    • Structural Steel
    • Heat Resistant Steel
    • Pressure Vessel Steel
    • HIC Resistant Steel

LatestPost

  •  Applications of special steel
    Applications of special steel
    2023-03-23
  • 15 characteristics of special steel
    15 characteristics of special steel
    2023-03-22
  • 12 differences between 3PE coating and 3PP coating
    12 differences between 3PE coating and 3
    2023-03-20

Feedback

Contact Us

+86-731-84625800

info@hgsteelpipe.com

+8613308450800

B1E1 BUILDING IN BEICHEN PHOENIX TIANJIE INTERNATIONAL MANSION,NO.68 QINGLAN ROAD,CHANGSHA,HUNAN,CHINA

MOBILE WEBSITE

Copyright © 2013-2021 HG STEEL PIPE (Hydrogrand Steel Pipe CO. LTD.). All Rights Reserved.

  • Skype.
  • E-mail
  • Whatsapp
  • Inquiry