MEPS PREDICTS WORLD
STEEL PRICES TO RISE OVER THE NEXT THREE YEARS
2013 is expected to be the low point in the latest steel price
A steady economic recovery is anticipated over the next five years.
Steel demand growth is predicted as economic activity expands.
Investment in new steelmaking capacity is expected to be restricted
over the next five years - resulting in a lift of plant utilisation
The cost of iron ore is forecast to reduce as a result of
over-investment in mine capacity in Australia and Brazil.
Coking coal costs are expected to increase steadily in the period to
Significant growth in the cost of scrap is predicted in all the
major regions over the next five years.
With increased demand for steel and higher costs of input material
for the steelmakers, average steel prices should expand in the years
The current oversupply situation in steel manufacturing is likely to
reduce in the coming years - providing opportunities for the mills
to lift their selling prices - despite the likelihood of declining
iron ore costs for the mills.
Source: NEW -
Steel Price Forecasts to 2017
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MEPS Steel Prices
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