The steel market has gone crazy - coronavirus is everywhere

The World average flat products composite value increased by 18.3%, on January, month-on-month. Hot Dipped Galvanised Coil increased 42% January 2021 percentage change – year-on-year.

European coil prices increased sharply between early-December 2020 and the first part of January 2021. The upward trend slowed in recent weeks. Availability from local mills is restricted, as demonstrated by the extended delivery lead times quoted by European steel producers.

We have never seen such a movement in the steel market. It's a very serious situation.

Our Profile prices will increase for all deliveries from the beginning of March 29.3%.

A downward trend is anticipated for the rest of 2021. It is likely that profile prices decrease in 2022.