In the steel market of Northern Europe, a revival is observed - Meps

Participants in the steel market in Northern Europe report a higher than usual purchasing activity. The flat metal market was opened after a summer lull with a slight increase in prices for carbon steel. This is stated in the report on steel prices in Northern Europe, prepared by the British analytical agency Meps.

Meanwhile, buyers do not immediately accept the offers of steel manufacturers at new prices in full. Despite the certain successes of metallurgists, there is no significant growth of the main demand yet. Nevertheless, optimism is in the air, partly due to the improvement of economic news from several countries.

European manufacturers of steel claim that they must raise prices to stay on the verge of break -in. The statements of metallurgists caused speculative purchases and the desire of traders to replenish stocks at lower prices.

In addition, technical work at the largest regiments of the region and reducing the volume of production of metal rolling somewhat changed the balance of supply and supply in the direction of the steel deficit. These circumstances contributed to a sharp increase in demand for thick -sized steel at a low level of real consumption.

Encouraged by the successes of colleagues, manufacturers of varietal rental also attempted to raise prices, so that, as they declare, to cover growing costs. The spoke market supported this initiative against the backdrop of applications for investments in infrastructure projects and speculative transactions.