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2019 - 01 - 23
The global steel market appears to be returning to near normal levels of pricing. 2018 was a turbulent year for steel selling figures in all parts of the world but prices, in 2019, are expected to remain below the peak values recorded last year. Rapid steel price rises took place in North America during the first half of 2018. These were followed by substantial price reductions in the second half of the year. Similar, but less dramatic decreases in steel selling values took place in the European Union during the July/December period.In mid-year 2018, MEPS predicted prices reductions for f...
2019 - 01 - 04
The situation in the Brazilian steel market is virtually unchanged, from that reported in November. Business confidence is low. Domestic demand is weak, with few transactions being concluded. Traders are carrying stock that is surplus to current requirements - much of which was purchased at prices higher than those pertaining today. Meanwhile, local producers expect that the tough business conditions will spill over into, at least, the first quarter of 2019.The business environment, in the Russian Federation, is slow. Distributors are allowing inventories to run down, in order to free working ...
2018 - 12 - 24
Stainless steel prices – in particular, those for strip mill products – demonstrated diverse trends, in the traditional steelmaking regions, in 2018.In the United States, the implementation of Section 232 quotas and tariffs, early in 2018, had an immediate inflationary effect on stainless steel coil selling figures. Basis values for grade 304 cold rolled coils declined during the latter part of the year - as did alloy surcharges. However, they remain slightly higher than they were at the beginning of 2018. Furthermore, North American transaction prices will finish the year above the values rec...
2018 - 12 - 17
The global flow of stainless steel products has been negatively affected by the introduction of new trade barriers, in recent years. MEPS predicts that more disruption is possible.The imposition of antidumping duties, by the US authorities, severely reduced shipments of stainless steel sheets and coils from China. Subsequently, Section 232 quotas and tariffs restricted imports from many other countries – notably, those in the Far East.These actions were, clearly, intended to reduce the volume of purchases from overseas suppliers, and create opportunities for US steelmakers to increase their sa...
2018 - 11 - 08
MEPS North American average stainless steel transaction values decreased, in October, due to large reductions in alloy surcharges. Basis numbers remained stable. Mill delivery lead times, for new production, remain short. Price negotiations may be possible, therefore, on basis numbers for larger order volumes. Purchasing activity reduced due, in part, to political uncertainty, ahead of the midterm elections and year-end destocking.Selling figures are forecast to continue to move down, during the remainder of 2018, mainly due to reductions in raw material costs. Low inventory levels, in the mar...
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