2013, as British analysts from Meps await, will become the lowest price point in this cycle. There are confident in sustainable economic growth around the world for the next five years. And this, in turn, guarantees a stable demand for metal products.
In the next price period, investments in the steel industry will be significantly reduced, which will become an impetus for an increase in the consumption of iron ore, the prices of which will be under pressure from excessive mining capacities in Australia and Brazil. However, the price of coking coal will increase steadily, and will reach peak indicators in 2017.
Scrap metal will rise in price at the fastest pace in history and reach the maximum price in five years.
Given the increase in the cost of input raw materials and against the background of stable demand, the average world prices for steel will be guaranteed to grow until 2016. The current situation with the overproduction of steel in China will probably overshadow the rainbow prospects of the metal rolling, but at the same time will ensure stable demand for ore.
Meps announced the growth of world prices for steel in the next three years
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Azovpromstal® 8 January 2014 г. 19:24 |
