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 - Free
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 - 15.08.2013


The European steel sector has endured a very tough time over the past year, mirroring the situation in the wider economy. Steel prices were approximately 10 percent lower in the first seven months of 2013, compared with the corresponding period in 2012. Mill margins have been continuously squeezed. MEPS’ assessment for the price of iron ore fines (Fe 64%, FOB - Brazil) has declined by only 2 percent in the same period.

A number of steelmakers have announced hikes to their list prices, recently, in an attempt to improve their financial position. The MEPS - EU Average All Products Composite transaction value reached a forty month low in July. MEPS believes that modest increases will be achieved after the summer break. Inventories are low and a slight pickup in purchasing is expected to take place to cover customer requirements for the final trimester. Rising scrap costs should enable producers of long products to implement higher selling figures. However, any upward movement is likely to be short-lived. The fourth quarter is traditionally a period of weak demand and prices are predicted to fall in October and November.

A more pronounced upturn in transaction values is foreseen around the turn of the year as customers start to place orders for delivery at the beginning of 2014. Steelmakers are expected to make production cuts, during the winter break. This should lead to more equilibrium between supply and demand in the new year. Consumption should also improve during this period. The top of the price cycle is forecast to occur in the spring because selling figures usually slip back as the holiday season approaches.

MEPS - European Steel Review

Sign up for free MEPS steel news alerts

Enter e-mail address *Required


If you are a journalist please tick here:       

MEPS International Ltd - Serving the Global Community