MEPS FORECASTS A GLOBAL STEEL PRICE
RECOVERY IN 2017
In a new report on the global steel market, MEPS predicts an upturn
in its World Average Carbon Steel Price in 2017. A substantial
reduction is anticipated in 2015 – the fifth consecutive
annual decrease. This is expected to be followed by a more modest
decline in the next year.
Mergers and acquisitions are predicted across the international
steel sector as companies strive to survive. Rationalisation in the
raw material supply industries is also anticipated as operating
costs outweigh selling figures at several of the smaller operators
Chinese steel exports are likely to be reined in, as mills in other
countries, will almost certainly, initiate unfair trade cases
against producers in China, over the next twelve months.
The combination of a slight improvement in the global economy, a
leaner raw materials supply industry and rationalisation in the
steel sector, should lead to a modest upturn in steel selling values
in 2017 and beyond.
MEPS Steel Price Forecasts to 2019
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