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Home > MEPS Steel News - 09.05.2013

WORLD STAINLESS STEEL PRICE FORECAST FROM MEPS

MEPS - World Average Hot and Cold Rolled Coil, grade 304, transaction values reduced by over $US80 per tonne in April. Domestic prices decreased in all countries researched, with the exception of Japan. This was primarily due to lower nickel costs. End-user demand remained lacklustre in all regions.

Stainless steel selling figures are likely to decrease further in May because of recent declines in raw material expenditure. No major recovery in end-user consumption is predicted in the short term. However, we do not envisage prices moving much below current levels over the next twelve months.

Transaction values are likely to record modest advances in the third quarter because of renewed buying activity after the summer holiday period. Traditionally weaker demand during the fourth quarter could result in prices slipping towards the year end. A revival in stainless steel prices is anticipated early in 2014 as distributors restock after the winter.

Source: MEPS Stainless Steel Review

Also See: MEPS - World Stainless Steel Prices and Forecasts

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