Archive for February 9th, 2006
North American steel prices
The latest MEPS are still forecasting price falls in the second half of 1996 as a result of Asian imports. This is most likely to be felt in the commercial strip sector. In addition the mini mills are likely to be put under immediate pressure as “more savvy” customers note the fall in scrap surcharges.
Posted: February 9th, 2006 under Steel.
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Asian steel strip prices
Prices can be expected to increase slightly due mainly to the stronger dollar, and some minor production curbing in China. Demand is forecast to be poor outside of China itself though. Maintaining prices will depend upon supply remaining under control. A “free for all” could lead to similar price collapses that were experienced in 2005.
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Posted: February 9th, 2006 under Steel.
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