EU STAINLESS STEEL PRICE FORECAST FROM MEPS
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
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.
Steel Prices Online MEPS
- EU Stainless Steel Prices
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