Building DK Building SE Electronics DK Energy DK Food DK Food SE Metal Metal DK Metal NO Metal SE Retail DK Wood DK
 

Meps: USA leads world steel price recovery

- By Charlotte Stubben

According to Meps its US hot rolled coil benchmark selling figure increased in January by almost 4 percent. There has been a pick up in market activity and transaction values are likely to go even higher.

Recent mill announcements, for cost driven hikes, should be implemented in the near term. Moreover, improving economic data should support the increases.

Reversing mill plate prices have strengthened since the holidays, with delivery lead times extending to five/six weeks. End-user demand is steady. Distributors and fabricators are enjoying brisk activity levels.

Read more: Meps: Weak market conditions keep Meps - EU average steel prices stable

US mills’ proposals for higher transaction values for cold rolled coil have succeeded. Selling prices firmed by approximately 3 percent in January, month on month, continuing the positive tendency. Forecasts for 2012 auto sales are encouraging and coated steel demand from that sector remains buoyant. The price advances planned for January were accepted, with mills signalling further hikes for February.

An upturn in US steel consumption is envisaged for the first two quarters of this year. Higher raw material expenditure should also add to the upward movement in selling figures in this period.

Write Comment
Popular Articles

Sign up for our newsletter
Already 11,399 subscribers.
View the latest newsletter.
Follow us on:

See allNews from the companies

Leading European paper company consolidates global business processes with IFS

November 24, 2014 10:51 AM
IFS

IFS, the global enterprise applications company, announces that a leading international paper company has selected IFS Applications™ as its global ERP ...

Professional Filtration for everyone

November 24, 2014 12:00 AM
ultrafilter Skandinavien ApS

Ultra Filter Scandinavia has created a new brochure that provides a fascinating insight into how extensive the work of filtering is.

Alicat Releases Gas Select™ 5.0 Firmware for its Mass Flow Meters and Controllers

November 24, 2014 6:53 AM
Kompauto Nordic AB

Newly added Gas Select COMPOSER™ defines personalized gas compositions for highly accurate mixed gas flow measurement

November 20, 2014
November 19, 2014
November 18, 2014
November 17, 2014
November 14, 2014
November 12, 2014
November 11, 2014
November 10, 2014
November 5, 2014
November 4, 2014
October 30, 2014
October 28, 2014