INTERNATIONAL STEEL MARKET ROUNDUP FROM MEPS
World steel prices have plummeted by 28
percent in the past twelve months, according to MEPS.
In Novemberís release of the International Steel Review, MEPS reports that
international market activity for both flat and long products is weak as the
influx of Chinese material continues to put downward pressure on global steel
We have noted that Chinese export prices are at record lows. This, along with
falling raw material costs, has enabled buyers in Taiwan and South Korea to
secure reductions in their local market.
There is growing evidence that European steel mills are looking to fill spare
capacity but activity is slow amid market uncertainty in the energy and
In the US, short lead times are being offered by producers as buyers delay
purchasing decisions due to falling steel prices. Customers are prioritising
their year-end stock positions.
Furthermore, buyers worldwide are expecting further steel price falls with
little sign of a market pickup heading into the new year.
Steel Review - November 2015 Issue
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