in coil prices willresult in a correction. Many expect prices to consolidate or rise further,
year,”says a mill manager. He cites receding imports, high iron ore and scrap prices,and idled
their regular customers,” Kallanishhears from a Belgian buyer.“There are no possibilities
steelmaker as well.
A Dutch service centre manager agrees.“Theproducers of coil material claim to have well
says. “Basedon all these aspects, we believe that a further price increase in the comingperiod
aboutdevelopment later this year, especially as idled capacity is being brought backon stream.
more material becoming available on the market.
up production given the currentcost structure. Mills sees the hot rolled coil breakeven price
forthat successfully in some deals already, although the range can still beanywhere from
€450 upwards, depending on the individual relationship.