Rolled steel orders in Germany rise in Q4 from Q3 levels

Friday, 10 February 2012 11:36:48 (GMT+3)   |  
       

New orders received in the German steel market improved again at the end of 2011, according to the German steel federation Wirtschaftsvereinigung Stahl (WV Stahl). In the fourth quarter of last year, rolled steel orders in Germany rose by five percent quarter on quarter, reaching 9.22 million metric tons, down 5.5 percent year on year.

In the fourth quarter last year, orders from Germany's domestic market fell 8.7 percent year on year, totaling 5.6 million metric tons, while foreign orders remained unchanged compared to the fourth quarter of 2010, amounting to 3.6 million metric tons. Meanwhile, in December 2011, the order books in Germany amounted to 8.6 million mt, increasing by 10.5 percent over the last month of the previous quarter (September) and up seven percent year on year.

According to the federation, new orders in the German steel market might improve in the coming months due to solid domestic steel demand. However, in view of the ongoing euro zone crisis, high and volatile prices of raw materials, and the difficult situation relating to market conditions in southern Europe, the risks relating to market conditions for the steel industry remain high.


Similar articles

US sheet prices tick up modestly ahead of Easter weekend

28 Mar | Scrap & Raw Materials

Flat steel prices in local Taiwanese market - week 13, 2024

28 Mar | Flats and Slab

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

US flats source believe HRC prices are “at or near the bottom”

22 Mar | Flats and Slab

Romania’s sole flats mill cuts HRC prices, raises HDG and PPGI prices

22 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 12, 2024

21 Mar | Flats and Slab

US HRC prices still ticking downward, prices expected to bottom this month

15 Mar | Flats and Slab

Flat steel prices in local Taiwanese market - week 11, 2024

14 Mar | Flats and Slab

Stocks of main finished steel products in China up 4.0 percent in early March

14 Mar | Steel News

Baosteel keeps local HRC prices stable for April

12 Mar | Flats and Slab