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 - 16.12.2015

EUROPEAN STEEL PRICES CONTINUE TO SLIDE IN DECEMBER

European steel prices for flat and long products continue to plummet due to end-of-year stock considerations and the seasonal slowdown in activity.

In December’s release of the European Steel Review, MEPS reports that German steel mills have reduced prices in an effort to maintain output. European buyers have secured spot deals at competitive resale values as manufacturers sell excess stock to minimise end-of-year inventories.
 
UK buyers are forecasting further price falls in the first quarter as European market activity is generally weak.

Conversely, demand in the European automotive sector is growing month-on-month. Furthermore, the depreciation of the euro against the US dollar is making non-EU imports less competitive.

Consequently, Italian and Spanish steelmakers are talking of small price rises in the first quarter. However, buyers are doubtful that any price hike would be accepted by the market.




Source:
MEPS - European Steel Review - December 2015 Issue

Also See: MEPS - EU Steel Prices Online

 

 

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