World steel prices are not sufficient for positive profitability - Meps

The manufacturers in the United States could not reach sales growth, despite the flurry of announcements about increasing steel prices and expensive iron ore raw materials. Buyers are in no hurry to make orders for metal rolling at new prices. It is reported by Meps.

American consumers of steel products prefer to work on already made inventories for so long as possible.

Canadian metallurgical plants, faced with stable, but mediocre demand, could not raise prices for metal rolling. Manufacturers still argue that current prices are insufficient to achieve normal profit.

In China, low demand will last until spring until consumers begin to replenish the warehouse. It is expected that consumption growth will begin no earlier than the second half of February, after the resumption after the holidays of the normal operation of the plants. China’s economy is revived in the wake of measures recently taken by the government of this country.

Japanese metallurgists are trying to achieve prices for a decline in the national economy. Among the most affected metal -combat sectors of the industry, the automobile and shipbuilding industry, as well as the production of industrial equipment. The recent diplomatic scandal between Japan and China added problems to local metallurgical companies.

The mood in Taiwan’s steel market improved markedly. Metallurgical enterprises plan to raise domestic prices in March by 3% compared to January - February.

Financial problems, lack of lending, low demand and political uncertainty reign in European markets. Mammailing plants are desperately trying to raise steel prices, while trying to maintain the dynamics of sales.