Steel price forecast - European long products
Falling international scrap prices are expected to lead to a decline in transaction prices for EU long products in the coming months according to an assessment just published by MEPS.
Coupled with a slowdown in construction over the winter months, this trend is likely to lead to a sharp decline in rebar prices in Europe as the end of the year arrives. A price correction can then be expected in the beginning of 2008.
For original MEPS report, see http://www.meps.co.uk/medium-carbon-steel-price-forecast-eu6-07.htm.
blogger@steelonthenet.com
Coupled with a slowdown in construction over the winter months, this trend is likely to lead to a sharp decline in rebar prices in Europe as the end of the year arrives. A price correction can then be expected in the beginning of 2008.
For original MEPS report, see http://www.meps.co.uk/medium-carbon-steel-price-forecast-eu6-07.htm.
blogger@steelonthenet.com
posted by sotn @ 6:03 AM permalink
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