The price of steel in 2014 will increase by 4 percent - Meps

According to the British Analytical Agency of MEPS, the global steel price index in 2014 will increase no more than 4 percent. The hopes of the British are connected with the beginning of the next year, the code of large customers of metallurgical companies will begin purchases of metal rolling for the 2014 program. In addition, manufacturers of steel will reduce their activity in the winter season, which will lead to balancing demand and demand in the market. The price of steel will increase the entire first quarter of the next year and will be subjected to some correction at the beginning of summer holidays.

Recall that the last twelve months world prices for steel have a pronounced decrease in a decrease. At the end of last year, the prices for metal rubles updated their 5-year minimum reaching the index level according to MEPS version $ 711. Minor fluctuations associated with seasonal growth in demand did not lead to sustainable dynamics in the markets.

A number of countries, according to Meps, managed to stop the drop in steel prices. The United States is given as an example, where manufacturers were able to achieve the desired by reducing the availability of reserves and tightening pricing policy. A number of European metallurgical companies have recently declared intentions to increase prices, but it is rather the issuance of things desired for the real state of affairs in European markets.

Nevertheless, the current period of rise in market prices will not be protracted - the demand in developed countries traditionally falls in the fourth quarter and prices will not be able to strengthen until the end of this year.