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Home > MEPS Steel News - 26.09.2013

PRICE SENTIMENT REMAINS UNSETTLED IN THE EMERGING STEEL MARKETS - MEPS

Brazilian flat product steelmakers have adopted more aggressive pricing positions this month. Distributors have condemned the adjustment as unwarranted, given the current trading climate. Several have reverted to importing again as a result.

Procurement activity in Turkey remains erratic. Stockists are booking for only immediate requirements due to continuing price fluctuations. The weakening in the cost of key steelmaking ingredients has only aggravated the situation. Support from external demand is limited.

Price volatility continues to hamper trading in the United Arab Emirates. Local traders are divided over the growth prospects for the long products segment in the fourth quarter. Underlying demand for finished steel products has fallen short of industry projections particularly, from construction firms and pipe fabricators.

Challenging business conditions persist in the South African steel market. Shipment volumes to the manufacturing and construction sectors continue to underperform, weighed down by the ongoing threat of strike action spreading from the mining sector.

Source: MEPS - Developing Markets Steel Review 

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