DEVELOPING MARKETS’ STEEL PRICE MARKET
ROUNDUP FROM MEPS
The Brazilian steel industry remains upbeat over the
general outlook for 2014. State-funded infrastructure projects and social
housing developments are expected to play a prominent role in proceedings.
The outlook for demand in the Russian Federation is unchanged. Local steelmakers
are under pressure to reduce production targets into line with steel consumption
rates. The distribution chain plans to persevere with conservative inventory
levels over the winter trading period.
The market for finished steel in India has remained subdued in the post-Diwali
period. The steel industry is divided over the prospects for domestic steel
consumption and price direction in the first quarter of 2014.
The trading environment remains challenging in the United Arab Emirates.
Underlying demand for finished steel products has fallen short of industry
projections – particularly, from construction firms and pipe fabricators.
Emirati traders plan to persevere with conservative inventory levels in the
Downstream demand for finished steel in Mexico has fallen short of market
projections. Distributors are expected to persevere with cautious procurement
strategies next month.
Source: MEPS -
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