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 - Free
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 - 03.05.2013


Chinese provincial quotations fell on average by 2.3 percent in April. Domestic traders report that demand for finished steel products has not picked up significantly. Inventories are rising to record levels and market prices are falling, despite high production costs. Baosteel has elected to keep official May ex-works prices flat. MEPS’ sources are divided over the direction of domestic scrap transaction values in May-June period.

Negative price movements were witnessed in two of the four Indian regions researched. The usual, seasonal upturn in end-user demand for finished steel products has not occurred. Market sentiment has been unsettled by the uncertainty surrounding the new BIS quality controls, volatile sponge iron selling figures and a hike in electricity tariff charges. Foreign brokers had mixed success in preventing import quotations declining.

Japanese electric furnace steelmakers issued lower purchasing figures in April. Tokyo Steel Manufacturing, a bellwether for the domestic steel industry, has reduced its HMS2 purchasing prices at all five subsidiaries. The adjustment was executed in three phases. Other electric steel producers have responded with similar sized price decreases. In the Tokyo Bay area, benchmark FAS prices for HMS2 graded material stood at Yen32,000-32,500 per tonne in week 16. Exporters based in Chubu, Kansai and Kanto expect the downward price trend to continue in the short-term.

Source: MEPS - Ferrous Scrap Review  Also see: MEPS - Scrap Price Table

Display MEPS steel news & prices on your website - click here

Sign up for free MEPS steel news alerts

Enter e-mail address *Required


If you are a journalist please tick here: