Sign up for free MEPS steel news alerts

  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

MEPS STEEL PRICES ON-LINE
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 - 07.11.2014

US STAINLESS STEEL MARKET ROUNDUP FROM MEPS

Stainless hot rolled plate sales volumes, in the United States, are steady, according to the latest report by MEPS. Consumer confidence has been boosted by low oil prices. Business activity is described as “not great” but is at a higher level than that in Europe. Consequently, suppliers from across the Atlantic are making attractive offers, putting downward pressure on selling values.

Cold rolled coil sales activity has slowed in recent weeks. Many buyers have delayed placing orders in anticipation of lower alloy surcharges in November. This drop-off in demand and imminent reduction in effective prices prevented full implementation of the mills’ proposed basis price hike, which was due to take effect at the beginning of October.

Order activity for stainless steel bar has slowed in October. No upturn is anticipated before the New Year. With low stock levels at service centres, buyers are turning to master distributors to secure material at short notice. Market participants report an increased number of offers from European mills.

Source: MEPS - Stainless Steel Review - October Issue

Free Sample copy of MEPS Stainless Steel Review


 

Sign up for free MEPS steel news alerts

Enter e-mail address *Required

Name:      


Company: 
If you are a journalist please tick here: