May 2012 | Steel Tracker
Demand still vacant which will push prices even lower: International Flat Product Market Analysis
Turkish steelmaker, Erdemir are set to cut HRC prices by as much as $40/tonne for 2-15mm material.
Prices in the flat markets have largely been of a flat trend this week with the exception of the Indian export markets which saw marginal increases in dollar terms as a result of a strengthening rupee rather than a genuine uptick in demand.
The MBR flat Products Pricing Index for this week reveals a sharp decline in prices in the flat markets’ on a year-on-year basis by 12%.
Turkish steelmaker, Erdemir are set to cut HRC prices by as much as $40/tonne for 2-15mm material which will be in line with the European markets, perhaps indicative of the contagion affects the Euro zone is having on foreign markets.
No hard landing, but a landing nonetheless
The poor economic development of external economies that directly impact Chinas domestic market, with particular...
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