New prices for metal rental

Steel prices began to decline all over the world due to the danger of overproduction by the results of the year. MMK named after Ilyich did not stand aside and revised the selling prices for the entire range of the manufactured metal rolling. Azovpromstal, respectively, updates its price.

World prices for metal products fell by 15-17% in May under the influence of a bad situation in the European economy and in the stock market of prices. In June, prices can decrease by another 5% and will only be able to play the fall in the III quarter. Products from steel products will finally begin to make a profit. Automatic gates of which used to be simply inaccessible to many, will become much more democratic due to the reduction in the cost of the source materials.

The growth of steel production in the world can lead to the beginning of a fall in prices, which are growing steadily since the end of last year, based on the production results of April. Based on the latest data, in the annual calculation of the global, the production volume in 2010 can amount to 1.5 billion tons, despite the fact that, according to the forecasts of the World Association of Steel Management (WSA), annual demand will be only 1.3 billion tons.

Buyers of the metal rolling took a wait -and -see position and actually stopped replenishment of reserves. A fairly tangible rise in price of steel in July - August of this year, based on the fact that the largest iron ore manufacturers - BHP Billiton, Vale and Rio Tinto - announced the planned increase in raw materials by an average of 25%. Chinese metallurgical plants that are not provided with their own raw materials are already working at the cost level, so they will be forced to increase prices, and the traders will still replenish the reserves.