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MEPS steel forecast to 2017

MEPS just published its steel forecast reports to 2017. One report is available for each region of the world (European Union, North America and Asia) and the last one is a world average. MEPS expects a recovery in global steel price

MEPS Global Composite Steel Index Prices Drops to 38-Month Low

Steel prices across the globe continued trending downwards in May. Selling figures declined in twenty four of the twenty eight nations in which MEPS conducts research. In the remaining four countries, transaction values were stable. Excess steel supply and poor demand

THE MEPS GLOBAL STEEL PRICE JUMPS 10 PERCENT IN FEBRUARY

Good overall demand helped mills in all regions to implement price hikes in February as they attempted to recover their escalating input costs. Weakening of the US dollar against many Asian and EU currencies added to the upward trend in

GLOBAL STEEL PRICES CONTINUE THEIR UPWARD SURGE – MEPS

In the US, the pace of flat product price increases is described as “fast and furious”. The shortage of scrap and surging costs of other raw materials have pushed the mills into a frenzy of announcements regarding transaction numbers. As

RAMPANT STEEL PRICE RISES IN EU MARKET – MEPS

Although consumption has changed very little, domestic producers are attempting to lift second quarter offers because of raw material price developments and energy cost increases. Outlay on iron ore is forecast to rise and coking coal shipments from Australia are

World Average Carbon Steel Price forecast to rise significantly – MEPS

World Average Carbon Steel Price is forecast to exceed $US 1000 per tonne in the third quarter, according to preliminary analysis by the company. This figure compares with an annual average in 2010 of $US 733 per tonne and an

Steelmakers Grapple With Price-Increase Pressures – WSJ.com

Higher prices of key inputs such as iron ore and coking coal will force up steel prices in the coming year, but steelmakers may have difficulty passing on the full burden of the increases. “Real demand continues to grow but

MEPS FORECASTS A DOUBLE DIGIT GLOBAL STAINLESS STEEL PRICE HIKE IN 2011

After many months of unchanged stainless steel basis values in the United States, they seem to be on the up. Inventories have been pared back to minimum levels and demand is improving consistently if not spectacularly. Strengthening LME nickel values

MEPS GLOBAL PRICE FORECAST UPGRADED DUE TO HIGHER INPUT COSTS

MEPS has noted a complete turnaround in the North American flat products market over the last month. US transaction values are moving up quite rapidly as producers release a succession of price proposals on the back of expectations of higher

HOT ROLLED COIL STEEL PRICES IN DECLINE AROUND THE WORLD – MEPS

Some steelmaking facilities in the US are closed due to poor market conditions. Capacity utilisation in the remainder has fallen to around 67 per cent. End-user demand has not improved as the economic recovery has stalled. However, customers have allowed