BRIK countries were able to raise prices for metal rolling in October - Meps

The Brik countries (Brazil, Russia, India, China) increased the average operating prices for all eight groups of metal rolling and steel, studied by the independent analytical agency of MPS. The Brazilian Real and the Russian ruble has significantly strengthened in relation to the American currency, thus ensuring an increase in domestic prices expressed in US dollars.

The Brazilian steel industry is rising today and aimed at the growth of the production and consumption of metal rolling in 2013. The Brazilian Foreign Trade (Camex) established increased import duties on a number of finished metal products. The action of import duty will last 12 months.

Unlike Brazil, Russian consumption of metal rolling began to fall noticeably. Meps analysts associate these trends with the end of the construction season and the reluctance of metal traders to create overly large reserves on their trading floors. Following the construction sector, reduce the purchases of the metal rolling and other related industries.

The flowing trend, formed by the falling demand for ready -made metal rolling in India, is still far from forecast levels, Meps experts say. They expect a further fall in India’s steel market until the end of this year. After the controversial solution of the largest state -made Indian NMDS limeted about a monthly review of iron ore prices and revising the Rupia rate against the US dollar, the prices of raw materials in India were somewhat fell.

October increase in domestic prices in China and the immediate prospects of the local steel industry analysts Meps considered dubious. According to their data, the economic growth of China slows down the seventh month in a row.







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