News News

Nordic Steel Price Forecast

Date: 2019-05-28
Views: 6

MEPS forecasts that Nordic average flat product prices will decline, in the short term. A number of factors are likely to exert downward pressure on transaction values. Demand from the automotive industry, a key steel-consuming sector, remains weak, as a result of new vehicle emissions testing procedures and softening consumer confidence. Steel purchasing volumes are reasonable in the Nordic countries. However, economic and political uncertainty across Europe is having a negative impact on sentiment in local markets. Furthermore, price weakness in other Western European nations is adversely affecting selling figures, in the Nordic region.

A price recovery is forecast, in late summer/early autumn. Steel mill profit margins are increasingly being squeezed. Iron ore prices have risen substantially since the Vale dam disaster, in late January. Furthermore, coking coal costs remain elevated. Consequently, the imperative for steelmakers to lift transaction values is becoming more acute.

Related content
  • Hotspot
  • Newest
  • media
To develop the team cohesion and take a break from busy work, Beijing Kewei Jianye Steel Co.,Ltd management team organized the activity- Hiking In Tian Xuan Forest Park during 29th August and 30th Aug...
2020 - 09 - 10
Beijing Kewei Jianye Steel Co.,Ltd Organized week trip to Qinghai Province to Encourage the Staffs who have significant Contribution in 2019. On the Early June, the excellent annual Staffs and Company...
2020 - 06 - 16
Beijing Kewei Jianye Steel Co.,LTD(The Company) invited Company legal Adviser Mr Zhou to train the company staffs t...
2020 - 05 - 29
Due to the Corona Virus has been well controlled in Mainland China, thus to establish a better working environment, The Company organize a spring outing to the Tongzhou Grand Canal Forest...
2020 - 05 - 19
On the 9th of May 2020, Beijing Kewei Jianye Steel Co., Ltd hold a conference about Black Swan Theory. Sp...
2020 - 05 - 11
0086-10-59574230
(24 hours national service hotline)
Copyright ©2010 - 2018 BeijingKewei Jianye Steel CO., Ltd.
Rhinoceros cloud provides enterprise cloud services
犀牛云提供云计算服务
Follow Us:
X

Whatsapp(Tony)

+8618678022600

电话(Leo)

+8613370170607

1

QQ设置

  • Anita
3

SKYPE 设置

4

阿里旺旺设置

6

Leo

手机关注微信

展开