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Home > MEPS Steel News - 03.12.2013

MEPS PREDICTS AN IMMINENT STEEL PRICE UPTURN

The MEPS - GLOBAL STEEL PRICE is forecast to expand by approximately six percent over the next five months. The gains are likely to be uneven across the world. The most significant increases are likely to develop in the European Union, after a difficult period for the mills for much of 2013. Slow but steady price advances are predicted in the main steel producing nations in Asia. In North America, the upturn, which started in the second half of this year, is expected to extend into the early months of 2014.

*The MEPS – Global Steel Price is a composite figure, calculated from researched steel selling figures for the nine most popular rolled steel products sold in the top eleven producing nations, covering 75 percent of global output.

Source: MEPS - International Steel Review and MEPS - European Steel Review
Also See: MEPS - World Carbon Steel Prices

About MEPS (International) Ltd

MEPS (International) Ltd is renowned throughout the world as the leading provider of monthly steel product prices, production, consumption and forecasts. Being dedicated exclusively to the steel industry since 1979, it brings a vital insight into the main drivers effecting movements in the market. MEPS has clients in more than 100 countries, these include the world’s major steelmakers and steel consumers, multinational corporations, a wide range of OEMs and key players in the financial services sector. The company collects and researches steel industry data in 28 countries, representing 88 percent of the global steel consumption. MEPS has established itself as a major player in its field and the company’s published figures are regularly used as the benchmark values for a large number of contracts between customers and suppliers.