September 2012 | Steel Tracker
Europe and the CIS, Southeast Asia regional data focus: 13 September 2012
Roundup of MBR's data on the Europe and the CIS, Southeast Asia steel markets for the week of 13 September 2012
Europe and the CISSupply/Demand Fundamentals: The European steel markets remain oversupplied owing to lower than expected orders. The financial woes of the EU remain unresolved. Demand levels are now 50m tonnes worse off than five years ago, yet supply-side policies have failed to react. Price Implications: Prices have continued to decline with no apparent bottom in sight. The markets are likely to offer some respite as we enter a seasonal lull...
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