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Home > MEPS Steel News - 26.04.2017


According to MEPS, the business environment remains challenging in the Brazilian steel market. End-users are exhibiting little urgency to purchase material, even with discounts granted.

In April, Russian steelmakers reined in their pricing ambitions. Underlying consumption has fallen short of industry projections, amid a slow start to the construction season. Distributors maintained manageable inventory levels, in anticipation of lower settlement prices next month.

Price volatility adversely affected buying activity in India. Local traders questioned the sustainability of the current transaction values, specifying that price support remains limited.

The general outlook for the Ukrainian steel industry is unchanged. Domestic steelmakers had limited success in pursuing price growth. Sales volumes of construction steel are forecast to pick up as seasonal trade gains strength.

The business climate remained unsettled in Turkey, this month. Trading companies acted with extreme caution, citing that the uncertainty surrounding the April constitutional reform and the close proximity of Ramadan (commencing May 26) would negatively affect sales.

Buying activity declined in the United Arab Emirates. Local stockists are reluctant to purchase material in, what they deem as, precarious trading conditions. Shipments to the construction sector and pipe fabricators failed to exhibit progress.

Source: MEPS - Developing Markets Steel Review - April 2017 Edition

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