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Consultancy
Hikes in steel prices have affected contract customers more than most
Consultancy : 18 April, 2005
Many large three monthly contract buyers have felt let down by the steel producers in recent years and some consider that they are being penalised for their loyalty.
 
EU average carbon steel prices - latest forecasts from MEPS
Consultancy : 08 April, 2005
The general weak market conditions in the strip mill segment extended into March - as customers held back on ordering due to high inventories.
 
North American average carbon steel prices - latest forecasts from MEPS
Consultancy : 06 April, 2005
In the flat products category, the North American average value fell in March. The market continues to be soft. Demand is mediocre for most strip mill products but prices are holding up for cold rolled and coated products. The mills have been able to counter the recent falls in scrap prices by rises in basis values in the US.
 
International Steel Market Roundup - February 2005
Consultancy : 09 February, 2005
Long product prices in the EU have fallen sharply since our last investigation in December. A drop in the price of scrap in recent weeks has been the main influence in this trend. Bar and rod prices have fallen in the two new EU entrants, reported in this report, over the past month. The onset of Winter weather and only modest construction growth have impacted on selling values.
 
Steel production record will be beaten again in 2005
Consultancy : 26 January, 2005
World crude steel production in 2004 will be close to 1050 million tonnes - an increase of 85 million tonnes (8.8 percent) on the figure recorded in the previous twelve months - following rises of 6.2 and 6.7 percent in the preceding two years, according to forecasts from MEPS.
 
No cheap steel expected in the medium term
Consultancy : 26 January, 2005
It is becoming ever clearer that steel producers and consumers can expect no relief, in the near term at least, from the upward pressure of costs for steelmaking raw materials and other inputs. While steel production rates continue rising, raw material supplies will remain tight, and that means higher costs.
 
International Steel Market Roundup - January 2005
Consultancy : 12 January, 2005
This article has been extracted from the December issue of MEPS International Steel Review
 
Asian average carbon steel price forecast for December 2004
Consultancy : 11 January, 2005
The further strong rise in the value of most Asian steel prices has prompted MEPS to lift its forecasts.
 
EU average carbon steel price forecast for December 2004
Consultancy : 11 January, 2005
In the flat products category, EU purchasers are waiting as long as possible before committing themselves to forward orders for delivery in the first quarter. Many companies have high inventories to take them into the New Year.
 
North American average carbon steel price forecast for December 2004
Consultancy : 11 January, 2005
In the flat products category, inventories in the US are nearly double the figure recorded at this time last year, while the Canadian market activity remains subdued.
 
Improved margins for stainless producers through 2004
Consultancy : 04 January, 2005
Stainless steel prices have been expanding for the past three years. For much of the time, price hikes have recovered only the cost of raw materials. The picture changed in 2004. The mills have been able to increase the margin between the selling price and input costs.
 
Steel prices up by 150 percent in past three years
Consultancy : 21 December, 2004
We are completing the most tumultuous year that the world
 
EU Steel strip prices will be higher in January
Consultancy : 14 December, 2004
The next move for European strip mill product prices will definitely be upwards. The tone of the market has become somewhat more hesitant, although still quite firm.
 
Asian average carbon steel price forecast for November 2004
Consultancy : 03 December, 2004
A recent decline in the US dollar value against most major currencies has translated into increased figures in all MEPS' Carbon Steel Price Forecasts for November.
 
International Steel Market Roundup - December 2004
Consultancy : 03 December, 2004
This forecasting article has been extracted from the November issue of MEPS International Steel Review
 
North American average carbon steel price forecast for November 2004
Consultancy : 02 December, 2004
A recent decline in the US dollar value against most major currencies has translated into increased figures in all our Carbon Steel Price Forecasts for November - to a greater or lesser degree, depending upon region. This is expected to also impact on the December values.
 
EU average carbon steel price forecast for November 2004
Consultancy : 01 December, 2004
The EU producers intend to raise flat products basis values on all products for deliveries in the first quarter. We expect to be reporting price hikes next month in the range 3 to 5% on transaction values.
 
Further growth in stainless steel production is guaranteed this year
Consultancy : 29 November, 2004
Global demand for stainless steel grew by about 7 percent in the first three quarters of this year, according to recent estimates from the producers' group, International Stainless Steel Forum.
 
High steel prices are now starting to bite
Consultancy : 22 November, 2004
The sharp rise in the price of steel over the last year or so has come as a shock to many consumers. Users, notably construction companies and manufacturers, have been complaining about the cost of their most important raw material. Their balance-sheets have in some cases suffered a severe jolt.
 
Steel scrap supply will remain under pressure in medium term
Consultancy : 16 November, 2004
In its latest World Steel Outlook, MEPS forecasts world production of crude steel this year reaching 1,035 million tonnes, an increase of 7.5 percent from 2003. This implies a rise in demand for purchased scrap of about 25 million tonnes.
 
International Steel Market Roundup - November 2004
Consultancy : 08 November, 2004
MEPS monthly roundup of flat and long products world-wide. For flat products, in the US, real consumption remains healthy, while for long products, prices have moved up in several EU countries this month and are expected to increase further as European scrap charges are on the rise again.
 
Asian average carbon steel price forecast for October 2004
Consultancy : 05 November, 2004
Average prices rose in October in all the flat product categories. The improvements in hot rolled coil/plate and hot dipped galvanised coil were slightly below our expectations. For the other products, ours and the actual figures matched.
 
EU average carbon steel price forecast for October 2004
Consultancy : 04 November, 2004
Flat products steel prices increased in most countries in October. The outturn was generally, above our predictions prepared in September. The mills were able to extract higher prices from customers who came to the bargaining table late for fourth quarter deliveries.
 
North American average carbon steel price forecast for October 2004
Consultancy : 04 November, 2004
In the flat products category, US distributors are over stocked and all speculative purchasing has ceased. Canadian activity is also subdued. Published energy surcharges are likely to increase in November but these will be difficult to realise.
 
Steelmakers will smash the 1 billion tonne barrier this year
Consultancy : 01 November, 2004
MEPS' prediction for global steel output in 2004 is now 1035 million tonnes. This equates to an increase of 7.5 percent on the figure recorded in 2003. This is an outrageous rate of expansion for a basic industry.
 
EU steel prices continue their upward path, steel producers taken by surprise
Consultancy : 28 October, 2004
Further increases in transaction prices for the start of the fourth quarter of this year, particularly in flat rolled products, show that the upward trend in European steel values has not yet run out of steam.
 
Global stainless steel still set for record output in 2004
Consultancy : 28 October, 2004
Stainless steel production will reach another peak value in 2004. We estimate Western world steel making at 21.25 million tonnes. With revised figures for Chinese supply, this equates to global melting at 23.65 million tonnes.
 
SOLID GROWTH IN GLOBAL STEEL CONSUMPTION IS FORECAST OVER THE NEXT FIVE YEARS
Consultancy : 18 February, 2003
World finished steel consumption is forecast to rise from 808 million tonnes in 2002 to 894 million tonnes in 2007 - an increase of 10.5 percent over the period.
 
 
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