Steel Price News from MEPS (International) Ltd.
  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
Steel Statistics
MEPS Index Steel Prices
Subscribe to Publications
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
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 - 28.04.2016

DEVELOPING MARKETS STEEL PRICE ROUNDUP FROM MEPS

According to MEPS, the business environment remains challenging in Brazil. Domestic distributors are extremely reluctant to purchase material in, what they deem as, tricky market conditions.

Price volatility has restricted buying activity in the Russian Federation. Local trading houses have questioned the necessity of the latest round of price hikes. The majority of steel users believe that the latest initiative is unjustified and not supported by underlying demand.

The outlook for India is unchanged. The Joint Plant Committee (JPC) has reported that domestic finished steel consumption in the first eleven months of the fiscal year ending March 2016, totalled 65.93 million tonnes - up 3.6 percent compared with the corresponding period in the previous fiscal year.

The second quarter is expected to be a difficult trading period for the Ukrainian steel industry. The local association of metal producers, Metallurgprom, has forecast that finished steel production in May will reach 2.2 million tonnes – up 0.1 percent compared with March’s daily output.

Business sentiment remains tepid amongst Turkish traders. The majority are worried that their domestic suppliers will ignore market conditions and continue to issue double digit price increases.

Procurement activity remains slower than expected in the United Arab Emirates. Local traders are tightly controlling inventory levels. Purchasing attitudes have been unsettled by the aggressive pricing strategies adopted by foreign suppliers. Emirati rolling mills raised their selling figures for June and July’s production.

The business climate in the Mexican steel market is unchanged. Local distributors are wary of holding too much inventory over the next two months, fearing a price correction.


Source: MEPS - Developing Markets Steel Review - April Edition

Free Sample copy of Developing Markets' Steel Review

 

 

Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here: