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Latest forecast of world steel prices from MEPS
Source: steelguru- 10 Aug 2007
MEPS said that the recent introduction of the levy on certain steel exports from
MEPS said "In the flat products category, we foresee the world average flat products price drifting lower over the next few months. Inventories are likely to remain excessive up to the start of the final quarter in all regions. In the
MEPS added that "In the long products sector, we predict reasonably stable pricing conditions over the next few months in all regions. However, in the final quarter and into the early part of 2008, we forecast further declines in
MEPS concluded that price increases are forecast for all regions in the early part of 2008, pushing up the world figure slowly as input costs are likely to increase and modest demand improvements are anticipated.