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Home > MEPS Steel News - 10.06.2013

ASIA STAINLESS STEEL PRICE FORECAST FROM MEPS

MEPS - Asian average stainless steel flat product prices declined by around 3 percent in May. Reductions were noted in all countries researched because of falling raw material costs.

Transaction values are forecast to move lower in the short term. Nickel costs are likely to moderate and result in Asian stainless steelmakers reducing their selling figures. Oversupply could add to the downward price pressure. Uncertainties remain about the global and Chinese economies. These will, probably, negatively affect market sentiment.

Current low inventory levels are expected to promote increased buying activity during the third quarter as customers restock after the summer lull. Consequently, advances in transaction values are predicted in this period. However, this recovery may falter as sales traditionally slow towards the year end.

Source: MEPS - Asian Stainless Steel Prices and Forecasts

Also See:  MEPS Stainless Steel Review

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