WEAK DEMAND AND LOW PRICES AFFECT
EMERGING STEEL MARKETS
Indian market sentiment is unchanged. Activity in key
consuming industries of construction and manufacturing is dull at present.
Primary steelmakers are increasingly looking overseas for new buyers.
The Ukrainian steel market has entered a period of low seasonal demand. The
steel consuming sectors most badly hit are construction and pipe fabricators.
Turkish steelmakers have struggled to adapt to the domestic trading environment.
Local stockists plan to persevere with conservative inventory levels next month.
There is reluctance on the part of buyers to commit to forward orders.
Difficult trading conditions persist in the United Arab Emirates. Transaction
values have changed very little, month-on-month. Local construction firms are
unwilling to purchase more steel than they need to meet their near-term
The business environment remains challenging in South Africa. Sales volumes are
forecast to be muted over the holiday shutdown period.
Mexican transaction values have been largely stable over the last month.
Distributors are holding off purchasing until January to see how demand
Source: MEPS -
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