New Year brought positive trends in world varietal rental markets - IREPAS

The World Association of Manufacturers and Exporters of the Irepas varietal rental sees positive signs for the variety rental market in the short term. This is stated in a press release from the association.

A decrease in business activity on holidays and a significant reduction in the production of metal rolling in the first weeks of 2013 played a positive role in global increase in demand. 2013 began with an ascending trend and the latest data indicate that the largest economies in the world can work better than expected this year.

As a result of a reduction in production, a balance was reached between demand and supply, IREPAS analysts report. Beijing plans for massive investment in infrastructure projects have a significant positive effect on the market. An increase in domestic demand in China will lead to a decrease in the appetite of Chinese manufacturers in export markets and will contribute to the increase in prices for ready -made metal products.

The only grief for IREPAS analysts was the European market where production facilities are idle, and the consumption level continues to fall.

The North American metal distribution market remains stable. The rising prices for iron ore raw materials will limit the growth of profit and complicate the sales of finished metal products. Nevertheless, the capabilities for business in the United States have improved after overcoming a fiscal crisis.

In January, IREPAS analysts predict a slight improvement in trade and rising prices against the background of expectations of increasing world demand for steel. However, medium -term and long -term prospects remain unstable and still uncertain.