MEPS World Steel Price Forecast

Steel Feb 09, 2012 No Comments

World steel price rallyMEPS predicts that its World Composite Steel Price will rise by approximately 11.5 percent by mid 2012. The most significant gains are anticipated in the flat products segment as prices rally after the substantial reductions in the second half of last year.

The steel price revival was led by the changing market situation in North America as scrap prices surged at the end of 2011. The prospect of higher raw material costs also pushed up steel selling values recently in Asia and Europe.

via STEEL INDUSTRY NEWS FROM MEPS INTERNATIONAL LTD.

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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 Propurchaser.com.

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