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Home > MEPS Steel News - 29.04.2014

DEVELOPING MARKETSí STEEL MARKET ROUND-UP FROM MEPS

In India, the Supreme Court has lifted the embargo on iron ore mining in Goa. Mining companies have been authorised to excavate a total of 20 million tonnes per annum. Meanwhile, flat product steel producers are under pressure to offer additional discounts and more favourable payment terms.

Challenging trading conditions persist in Ukraine. Procurement activity by small and medium sized construction companies has stagnated across the country. Meanwhile, the European Union has removed import tariffs on several categories of Ukrainian industrial goods, including finished steel products.

Buying sentiment has improved in the United Arab Emirates. Local stockists are cautiously optimistic over the growth prospects for domestic steel consumption in the May-June period. It has become too risky for buyers to conclude any deals at this stage because of volatile import quotations.

Stable trading conditions are forecast in the Mexican market during the second quarter of 2014. Underlying demand is expected to be driven by shipments to the automotive and construction sectors.


Source: MEPS - Developing Markets Steel Review 

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