ASIAN AVERAGE CARBON STEEL PRICES - LATEST FORECASTS FROM MEPS

Posted on August 10th, 2008 by admin

ASIAN AVERAGE CARBON STEEL PRICES - LATEST FORECASTS FROM MEPS
In the flat products category, our July forecasts are little changed from the previous month. Transaction values are expected to continue climbing from September onwards. An increase in the price of oil products, electricity and railway freight costs in China are likely to put upward […]

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EU STEEL PRICES STILL RISING DUE TO A SCARCITY OF IMPORTS

Posted on July 28th, 2008 by admin

The EU flat products’ market continues to be characterised by supply tightness and rising prices in a climate of relatively flat demand. The availability of competitively priced steel from third countries remains at a low level. Meanwhile, ArcelorMittal announced a further increase on strip mill products of around €50 per tonne for new bookings for […]

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THE MEPS WORLD ALL PRODUCTS STEEL PRICE RISES 7 PERCENT IN JUNE

Posted on July 9th, 2008 by admin

THE MEPS WORLD ALL PRODUCTS STEEL PRICE RISES 7 PERCENT IN JUNE
US transaction prices continue to spiral upwards, although recent increases are more moderate. Nucor has announced a relatively small rise of $US30 per ton for August deliveries. Service centres are keeping inventories at minimum levels as their sales activity is slow. End-users, who are […]

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NO SIGNIFICANT INCREASE IN STAINLESS STEEL OUTPUT EXPECTED THIS YEAR

Posted on July 1st, 2008 by admin

Demand for stainless steel is weakening in most parts of the world. MEPS (International) Ltd forecasts global crude production virtually unchanged at 28 million tonnes in 2008. Western World output is expected to decline by 300,000 tonnes this year.
Domestic supply by the EU mills was down in the first quarter by almost 4 percent compared […]

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WORLD STEEL PRODUCTION TO RISE BY 5.6 PERCENT THIS YEAR

Posted on April 21st, 2008 by admin

MEPS forecasts crude steel production in 2008 at 1420 million tonnes - 5.6 percent up on the outturn in the previous twelve month period. This rate of growth is below the year earlier figure of 7.6 percent, due in part to the weaker global economic climate and an anticipated reduction in the rate of steel […]

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