MEPS PREDICTS STEADILY
RISING ANNUAL STEEL PRICES IN THE EU OVER THE NEXT THREE YEARS
In a new report from MEPS entitled EU Steel Price Forecasts to 2017
the authors contend that annual average steel prices in the region
will improve next year and for the following two years.
The third quarter of 2013 is forecast to be
the low point in this cycle for both the flat and long product forms
of finished steel products. The annual upturn in the MEPS All
Products Composite Price in 2014 is expected to be in excess of 7
percent. More modest gains are anticipated in the following two
years. The level in 2016 is predicted to be above the figure
recorded in 2011.
Quarterly forecasts are presented in the report for the four main
flat products and the four major long product categories.
Predictions of trends in steelmaking raw material costs are also
recorded in the report. Seasonal variations in steel prices are
anticipated over the forecast period. These are contained in the
quarterly charts supplied.
The EU report is the first in a family of regional steel price
forecast reports by MEPS International Ltd. These include the Asian,
North American and Global average figures and will be available in
late August , this year.
Steel Price Forecasts to 2017
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