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
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 - 19.12.2013

STEEL BILLET MARKET ROUNDUP FROM MEPS

Indian billet transaction values, denominated in the national currency, declined this month in two of the five regions surveyed by MEPS. Local re-rolling mills are extremely resistant to paying more at present, when there is a question mark over the direction of prices for domestic billet material in January. Consequently, they are buying small tonnages only when it is absolutely necessary to do so.

The business climate in the Turkish steel market remains difficult. A poorly performing construction sector has led to lacklustre demand for finished steel products. Domestic billet quotations have continued to be influenced by the cost of ferrous scrap and other steelmaking raw materials. Exporting semi-finished steel material to Europe and the Middle East has remained challenging amid stiff competition from CIS suppliers.

Arduous business conditions persist in the Taiwanese steel market. However, MEPS sources’ predict a slight improvement in market activity next year. The pricing positions of foreign billet suppliers have come under renewed scrutiny.

Effective transaction values in the European Union, in US dollar terms declined to $US520-525 per tonne (down 1.0 percent) over the period surveyed. Demand for finished steel remains slow, although forecasts for 2014 are better.

The outlook for the United Arab Emirates’ market is unchanged. Local traders are hopeful that underlying demand for finished steel products will improve in 2014. Over the last twelve months, trading volumes have fallen short of industry projections – particularly, from construction firms and pipe fabricators. Moreover, local re-rolling mills have found it difficult to transfer the burden of soaring production costs on to their customers.


Source: MEPS - Semi-Finished Steel Review

Also see: MEPS - Billet Price Table

 

Display MEPS steel news & prices on your website - click here

Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here: