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

MEPS EU Average Carbon Steel Price Forecast For January 2005

MEPS (International) : 10 February, 2005  (Company News)
In the flat products sector, the January rises in strip mill prices did not live up to expectations. Many buyers found themselves with adequate stocks to meet current demand levels.
In the flat products sector, the January rises in strip mill prices did not live up to expectations. Many buyers found themselves with adequate stocks to meet current demand levels. They refused to accept the target increases set by the large producers for new orders and were only prepared to settle for more modest figures. Hot rolled coil prices slipped marginally as RIVA cut offers by 20 per tonne in an effort to generate demand. Hot rolled plate figures moved upwards but not at the rate we expected. Modest gains were achieved in the cold rolled and coated sectors.

For the strip mill producers, this month may prove to be near the peak of this cycle. A slow but steady decline in transaction values is forecast for the remainder of the year - with prices falling by around ?40 per tonne over the next twelve months. Real demand is not likely to be exciting in the period.

Hot rolled plate consumption remains firm. Supply is still tight. The price zenith may extend well into the Summer months before drifting downwards.

A fall in scrap costs over recent weeks accelerated the decline in long product prices to below our expectations. This month's wire rod and rebar figures were only marginally below our predictions. However, a substantial reduction in scrap surcharges by two of the major players in the market served to reduce this month's values for medium sections. The decline in scrap costs also pushed down merchant bar prices by a substantial amount as customers held back on orders.

We expect further modest decreases in the light long product prices over the
Winter months. A small improvement is anticipated through Spring and Autumn,
before falling again around the end of the year. After the rapid decline in prices of medium sections this month, we believe that this category will show further small price decreases over the coming year.
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