MEPS Predicts an autumn steel price upturn in China

China , Steel Jul 11, 2012 No Comments

Steel pipeDespite 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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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website

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