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
2 Comments:
The MEPS - global world all products composite transaction price was,sportsbook as anticipated, slightly lower in April 2009. Global demand is weak for both long and flat products. Despite continued production curbs in all parts of the world, oversupply remains a problem.bet nfl This is due to a substantial reduction in inventories in the supply chain over the past six months. However, it is now becoming clear that the rate of steel price decline is slowing.http://www.enterbet.com
This is partly because the inventory drawdown is coming to an end.
Based on reported import licenses, US long products imports rose 7% from 125,000 short tons in August to 134,000 tons in September. September 2008 long products imports were 233,000 tons.http://www.meadbrown.com Merchant bar, light shapes and beam imports all increased, with beam imports rising by 189% to 20,000 tons due to rises from Luxembourg, Spain and Korea. All other long product categories registered declines from August.
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