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: US stainless steel market roundup

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 11,396 subscribers.
View the latest newsletter.
Follow us on:

See allNews from the companies

Investments for the future in the latest laser technology

October 16, 2014 12:00 AM
Lesjöfors AB

Lesjöfors has recently made a large machine investment at the factory in Värnamo. The advanced fiber laser meets many customers' requirements for increased technical flexibility in production.

Come and see the PALOMAT at Logistics 360 in Nantes.

October 15, 2014 9:20 AM
BILA A/S

The Logistics 360 fair takes place the 16. - 17. October in Nantes, France. Meet our dealer Liftop in hall XXL, stand I12.

AP&T collaborating with North American tool manufacturer DTG

October 15, 2014 12:04 PM
AP&T

AP&T is intensifying its collaboration with Diversified Tooling Group (DTG), which is one of the largest manufacturers of press tools in the U.S.

October 10, 2014
October 8, 2014
October 7, 2014
October 6, 2014
October 2, 2014
September 29, 2014
September 25, 2014
September 24, 2014
September 23, 2014
September 22, 2014
September 19, 2014