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 - 30.05.2017

Buying Sentiment Deteriorates in Emerging Steel Markets

Challenging business conditions persist in the Russian Federation, according to MEPS. Domestic steelmakers are pinning their hopes on forecasts of better sales in the coming months. The flat product market continues to stagnate. Construction-related trades are also subdued, since building work is slow to improve, despite the onset of more hospitable weather conditions.

Procurement activity in India, this month, is less vigorous than in April. Business confidence weakened in recent weeks. Stockists are in ‘wait and see’ mode due to price fluctuations and uncertainties as the monsoon season approaches. Deliveries to downstream industries underperform. Meanwhile, steelmakers continue to press the government for additional measures to restrict import penetration.

Activity remained subdued in Ukraine, partly due to the Easter break and two public holiday weekends at the beginning of May. Resale values are poor due to severe competition in the distribution industry. Shipments to the construction industry are still slow with no positive developments on the horizon.

In the United Arab Emirates, many steel distributors and end-users are adopting a wait-and-see approach, amid the recent market volatility and impending holy month of Ramadan. Domestic rolling mills continue to attempt to recapture market share from overseas suppliers.

The South African market situation is weak. Stockists are less keen to purchase from overseas suppliers, fearing that the authorities will implement retrospective trade action.

Prices are unchanged in the Mexican market, with buyers anticipating stable, or slightly lower, values in the third trimester. Service centres are busy supplying the auto industry and sales to construction are also satisfactory. However, distributors’ margins remain low because of overcapacity in that sector. Developments across the border in the United States continue to be watched carefully.

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

Free Sample copy of Developing Markets' Steel Review



Sign up for free MEPS steel news alerts

Enter e-mail address *Required


If you are a journalist please tick here: