MEPS Predicts an autumn steel price upturn in China

Despite the current weakness in Chinese finished steel prices, MEPS is forecasting a strong recovery in selling values later in the year. The rising figures should be sustained going into 2013.

Reduced steel output during the summer is expected to help the market digest currently high mill inventories. This should enable an autumn recovery in steel consumption to translate directly into a sharp upturn in steel prices.

via MEPS Predicts an autumn steel price upturn in China.

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