Global Steel Price News from MEPS (International) Ltd.

 Steel price news, stahlpreis nachrichten, de acero noticias de precios, nouvelles prix de l'acier, 钢材价格新闻, صلب سعر أخبار

  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
MEPS Index Steel Prices
Subscribe to Publications
Steel Statistics
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 - 24.1.2018

EU Steel Prices to Reach Seven-Year High in Spring 2018

European flat and long product steel selling figures increased, in January. Local mills raised their offer prices in an attempt to recoup recent rises in raw material costs. Further escalation in steel prices is anticipated, in the short term. Consequently, the MEPS EU average all products composite selling figure is expected to rise to its highest level since April 2011.

Domestic flat product steelmakers should be able to secure, at least, a proportion of their proposed price rises, as delivery lead times extend. Import tonnage is expected to remain low, as a result of trade defence measures and uncompetitive quotations from third country suppliers.

European flat product prices are forecast to come under negative pressure as the summer approaches. Reduced raw material costs and declining international steel selling figures are anticipated, during that period.

Transaction values for long products are projected to rise, in February. Producers will continue to promote price increases, buoyed by their good order books. However, MEPS predicts that selling figures are approaching the peak of the current cycle. Cost pressures for the mills are expected to begin to ease, in the second quarter. Furthermore, steel supply is forecast to outstrip market requirements.



Source:
MEPS - European Steel Review - January 2018 Issue

Also See: EU Average Product Price and EU Average All Products Composite Price

 

 

Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here:       


MEPS International Ltd - Serving the Global Community