Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Advanced Composites
LeftNav
Aerospace
LeftNav
Amorphous Metal Structures
LeftNav
Analysis and Simulation
LeftNav
Asbestos and Substitutes
LeftNav
Associations, Research Organisations and Universities
LeftNav
Automation Equipment
LeftNav
Automotive
LeftNav
Biomaterials
LeftNav
Building Materials
LeftNav
Bulk Handling and Storage
LeftNav
CFCs and Substitutes
LeftNav
Company
LeftNav
Components
LeftNav
Consultancy
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
Pro Engineering Zone
 
 
 
News

EU price hikes have run out of steam

MEPS (International) : 20 April, 2011  (Special Report)
Steel price rises have stalled in the European market. Increased selling values sought by the domestic producers have not been implemented and figures have, in fact, slipped.
Order intake at the mills is slow. Many companies have adequate inventories and are only ordering to meet their immediate requirements. Moreover, they are restricting purchase volumes due to growing uncertainty regarding the future steel price trend.

Imports, which were ordered in the first quarter, are now arriving into European destinations in large quantities. This situation has contributed to the downward pressure on domestic selling figures.

MEPS believes steel transaction values will decline in the remainder of the second trimester, despite higher mill input costs. Buyers are already anticipating discounts when third quarter negotiations get underway.

Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 NewMaterials.com
Netgains Logo