Steel Price News from MEPS (International) Ltd.
  Home Company Profile Steel Industry Analysis Meps Publications Consultancy Independent Studies
 
MEPS Steel Prices On-line MEPS Steel Reports On-line MEPS Industrial Sector Steel Price Index

Company Profile
Steel Industry Analysis
MEPS Steel Publications
Steel Consultancy
MEPS World Steel Prices
Independent Studies
Request Free Publications
Steel Statistics
MEPS Index Steel Prices
Subscribe to Publications
MEPS Steel News
Industry News
MEPS Sponsored Events
Steel Links
Subscription Rates
Add Link To Website
Content for Websites
Contact Us
Site Map
 
World Carbon Steel Price
World Carbon Steel Price Index
EU Carbon Steel Price
EU Carbon Steel Price Index
Asia Carbon Steel Price
Asia Carbon Steel Price Index
North American Carbon Steel Price
North American Carbon Steel Price Index
Flat & Long Carbon Steel Price
Flat & Long Carbon Steel Price Index
All Products Composite Steel Price & Index - Free
Stainless Steel World Price
Stainless Steel World Price Index
EU Stainless Steel Price
EU Stainless Steel Price Index
Asia Stainless Steel Price
Asia Stainless Steel Price Index
North American Stainless Steel Price
North American Stainless Steel Price Index
Home > MEPS Steel News - 24.02.2011

STEEL PRICES CONTINUE TO SHADOW RAW MATERIALS COSTS IN THE BRIC COUNTRIES

The average increase of BRIC nation steel prices, published by MEPS (International) Ltd, was 4.2 percent in February. The main driver for this was the large hikes witnessed in Russia.

Brazilian producers are expected to begin raising effective prices of finished steel products in March and April. This will be in the form of lower discounts. Distributor trade remains weak. Several steelworks are operating at reduced capacities to conserve raw material stocks. Rising import values are deterring end-users from placing bookings.

In Russia, the upward trend in selling figures is expected to continue next month. Local steelmakers remain committed to aligning domestic flat product offers with export quotations. Indian steel product quotations rose sharply in February. Increases in domestic selling values have been attributed to successive hikes in raw material costs.

Chinese steelmakers released higher quotations for all steel products after the Lunar New Year festival ended. The new figures reflect increased input costs and the expectation of re-stocking activity by the distribution network. However, dealer prices for some flat products started to decrease in mid-month as market confidence waned.

Source: Developing Markets' Steel Review

Sign up for free MEPS steel news alerts

Enter e-mail address   Select version   

Site Meter