WORLD STAINLESS STEEL MARKET
ROUND UP FROM MEPS
International (Ltd) forecasts rising world stainless steel prices in
January 2013 on the back of recent increases in raw material costs.
Speculative buying by some traders is expected to add to the upward
pressure on transaction values in the near term. Growing end-user
demand, particularly in China, could also help to lift prices.
Market fundamentals during 2013 will be challenging as the threat of
oversupply remains. Consequently, advances in selling figures could
falter around the middle of the year. Reduced activity over the
winter season could result in prices slipping further during the
Nickel values are expected to climb in the first quarter of 2013.
However, fundamentals are weak, particularly in developed nations,
and nickel is expected to be in surplus over the next twelve months.
This is likely to weigh on prices as the year progresses.
Source: MEPS -
Stainless Steel Price Table
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