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Home > MEPS Steel News - 01.08.2013

EU STAINLESS STEEL PRICE FORECAST FROM MEPS

EU average stainless steel transaction values decreased by approximately 3 percent in July, compared with the previous month. These declines were mainly the result of reductions in alloy surcharges. The market slowed with the approach of the holiday season and the confirmation of lower alloy surcharges in August.

Local mills are expected to try to lift basis numbers in September. However, it may prove difficult to implement advances, particularly in Southern European countries, without an increase in end-user demand. No significant upturn, in either consumption or transaction values, is anticipated in the remainder of this year.

Confidence should return to the market during the first quarter of next year if, as expected, the economic climate improves. Raw material costs are likely to rise during this period as demand traditionally improves at this time. Consequently, the first half of 2014 could be the start of a sustained revival in stainless steel transaction values.

Source: MEPS Steel Prices Online                      MEPS - EU Stainless Steel Prices

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