August 2012 | Steel Tracker
Europe and the CIS, Southeast Asia regional data focus: 16 August 2012
Roundup of MBR's data on the Europe and the CIS, Southeast Asia steel markets for the week of 16 August 2012.
Europe and the CIS
Supply/Demand Fundamentals: The European steel markets remain oversupplied owing to lower than expected orders. The financial woes of the EU remain unresolved.
Price Implications: Prices have remained in a sideways trend, although given the demand outlook for the remainder of the third quarter, MBR believe there is more scope for further declines.
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