Monday, October 22, 2012

EU steel flat product prices to rebound in early 2013

According to a MEPS report published today, a steel price recovery is to be expected in Europe early in the New Year. This is seen as the result of a combination of factors, mostly on the supply side. These factors include reduced European steel production, lower imports and higher steel export volumes.

 

These factors will significantly tighten supply and, in turn, should (according to MEPS) lead to rising steel prices in the New Year.

 

For full MEPS report, see http://www.meps.co.uk/Keynote10-12.htm, taken from the European Steel Review.

 

blogger@steelonthenet.com

 

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