Analyst - steel prices to fall in coming months

According to a report published in New Kerala earlier this week, steel industry analyst Peter Marcus considers that the world steel price will fall in coming months. For full report, see http://www.newkerala.com/news5.php?action=fullnews&id=28254.

This perspective adds to the debate concerning the medium term future of international steel prices, about which - as reported in our steel blog - there seems to be much divergence of opinion of late ...

blogger@steelonthenet.com

Steel prices to fall in 2007

MEPS today suggest that flat product steel prices will be falling worldwide by end 2007. New capacity coming onstream, VAT changes and increased exports from China underly the predicted price weakness.

For original report see http://www.meps.co.uk/steel-price-forecast-asia4-07.htm.

blogger@steelonthenet.com

Nickel content in stainless steel declining [MEPS]

Soaring nickel prices [see daily price chart at http://www.steelonthenet.com/feeds/nickel.php] are driving buyers of austenitic stainless steels to substitute products. Although much of the substitution is taking place within stainless steel (especially in favour of type 430 ferritic and of 200-series grades), coated carbon steels are coming increasingly into consideration.

For the latest report on these trends, visit MEPS at http://www.meps.co.uk/editorial4-07.htm.

blogger@steelonthenet.com