In the second half of November, rising prices for metal rolling

In the world markets in the second half of November, rising prices for metal rolling will begin. This is stated in the forecast of the SE "Ukrpromvneshekspertiza" (UPE).

The reason for the increase in the price of long rental will be the activation of consumers of those who seek to ensure uninterrupted work in the spring of 2014 and ready to accept higher prices. So Turkish metallurgists have already raised prices for reinforcement and other construction metal rolling for 20-30 US dollars to 580 - 595 dollars. Following this, the rise in price of metal rolling in the ports of the Black Sea will certainly follow. “In fact, throughout October, the products from the CIS were in steady demand in Turkey, as local plants preferred imported workpiece to noticeably rise in price,” says Pavel Peronos, deputy head of the analytical department of UPE.

Flat rental will rise in price against the background of price growth in China, where manufacturers managed to raise the cost of steel a little, explaining this by increasing prices for iron ore raw materials. In addition, in world markets there are many deferred demand and metal traders will replenish their stocks. A further increase in iron ore prices and an increase in global consumption of sheet steel by 1 million 200 thousand tons will cause a rise in the cost of flat rolling.