Short Range Outlook – July 2012
The bottom of the recent market trend Supply has continued to exceed demand in the long steel products market during the past month. However, some steel mills have already reacted and others are also expected to take necessary actions so that we will see an improved balance between supply and demand towards the end of the year. In fact, with less material now being sold, demand has started to build up. During the past month or so, price competition... Read More
Short Range Outlook – June 2012
The uncertainty in the market is expected to continue for a while The business scenarios in the global marketplace vary from one region to another depending on the economic situation in the different regions. The long products market has been performing relatively better than the flat rolled market mainly due to better balance of supply and demand. However, the increased uncertainty in the EU and very slow demand has created a lot of doubts not only... Read More
Short Range Outlook – May 2012
IREPAS: Market is generally stable in certain areas, dynamic in others At a global level demand is stable at healthy level except in Europe. There is still over supply versus apparent demand in the market but mills continue to keep a good discipline in terms of adapting supply to market conditions, also in the EU. The situation is expected to get better, as reduction in supply to meet the demand is seen in certain areas. There seems to be a balance... Read More