subject: December will be a decline in global steel prices - steel, iron and steel, price - iron and steel industry [print this page] December will be a decline in global steel prices - steel, iron and steel, price - iron and steel industry
Recently released report of the company that in December there will be a global steel prices to decline. Circumstances described below:
North America In the U.S. market, and now some of the Steel products Transaction prices increased last month, but so far, the last round of price increases is not very good proposal be implemented. Although the 10 mill orders in November is very suitable for the existing production, the implementation of orders in December was rather slow. The U.S. market is not a real sense of competition in imports. However, in order to more Lande some business before the end of the local steel mills are likely to offer discounts when the policy has already started. According to local dealers reported October sales of U.S. Steel fell sharply, indicating that the impact of economic crisis are still profound, the United States the majority of steel end-user industries of local consumption in poor condition.
Current trading price of the Canadian market, although slightly higher than in September, but further price increases is very difficult, all the price increase efforts were undermined by a stronger domestic currency exchange rate. As the volume of steel import licensing has started to rise, the Canadian situation of domestic manufacturers said orders are still satisfied, but also to extend the delivery time. Currently, automobile steel increased continuously backward advance schedule. Algoma Steel Inc. of Canada was in the blast furnace maintenance shutdown of its Slate Supply can not keep up, which makes resources more tight supply. However, most users still worried about the future business conditions will remain relatively soon light. Are, therefore, the local steel distributor inventory now remain low.
Europe The Polish market, although without any noticeable big move, its steel users has allowed the transaction price is a slight increase, which is due to the limited impact of steel production, the supply of local resources difficult. Preliminary inventory of steel dealers have been cleared by now busy re-stocking, replenishment.
Czech economy is in disarray. From the perspective of potential steel consumption, the mainland market price of the basic no signs of improvement. Although the inadequate supply of inventory replenishment Recently promoted steel prices, but market participants believe that the increase in the price level after the end of the year may not be sustained. Local steel fierce competition among dealers make their profit margins are being compressed to unacceptable levels.
In Western Europe, the current lack of end-user demand is a negative pressure. In the third quarter, the service center to re-purchase, additional inventory sales make steel there a short temporary improvement. Now, this "boom" situation has evaporated. Moreover, the industry worried about the current level of consumption in general is still not high enough, and now in a hurry to restart the previously shut down production so much too early. Obviously, a lot of spare capacity at this time with the re-release it is outdated. Currently, several countries in Western Europe steel base price has been declining, steel buyers expected in early 2010, steel producers will lower the price for further treatment or concessions.
Asia Japanese steel production slowed in the summer after the overseas manufacturers by expanding the steel business, increase sales, its steel production has now increased significantly. But even so, the overall level of consumption in Japan remains fragile, especially in the construction industry. Japanese steel stocks from the local steel mills and distributors of joint control, ending by the end of August, compared to 7 at the end of its stock up 2.9 percentage points, this is the last 7 months, the first increase. But at the same time, its import terminals around the stock end plate products and 7 comparison, has dropped by about 10 percentage points, which is the latest 5-year low point.
Korean cars and household appliances manufacturers demand better conditions, it is to promote the local board with a slight recovery of the economy the consumer market product, so drive a small steel consumption growth and the moderate price rise.
welcome to Insurances.net (https://www.insurances.net)
