World prices for steel and metal rolling in 2013 will not rise, but will remain at the same level due to the refusal of manufacturers to reduce excess capacity. This was stated in the audit company Ernst and Young.
"Manufacturers of developing markets and, in particular, in China, they open new production became much faster than others close," they say, - "We see that throughout 2012, the demand for steel grew with low pace of no more than 2% per annum, and this year it will be less than 3%. Even despite some improvement, the problem of excessive capacities in metallurgy is ahead of a slight increase in demand."
When preparing a report on world prices for steel and analyzing the loading of production capacities at the thirty largest metallurgical plants in the world, analysts found that in 2012 less than 80% of metallurgical furnaces and rolling mills of the world were used.
The head of the mining and metallurgical direction Ernst Young Young Mr. Elliot emphasized that "it is very important that steel and metal manufacturers are able to dramatically change the structure of their capital and primarily due to reduction of debt load. Metallurgical enterprises should also reduce production volumes at unprofitable plants and cancel or reduce the amount of contracted metal."
World prices for steel will not rise - analysts Ernst and Young
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Azovpromstal® 22 January 2013 г. 00:01 |
