Saturday, 13 Aug 2011
One of the major research company platts.com has a research conducted on steel prices. Major outlook are
1) Recent plunging stock and sovereign bond prices are adding to fears about slower steel purchasing and some downward price volatility, but most analysts and market sources remain convinced flat steel prices are already near lows, limiting the potential for further routs.
Hot-rolled coil in Europe has already fallen 18% to Eur530/mt ex-works Ruhr since a peak of Eur645/mt at the end of February, based on Platts assessments. Prices dropped 3.6% since July 27.
Chinese HRC export prices have stabilized around $700/mt FOB since marking a high of $780/mt FOB in February. They are up from $680/mt FOB on July 14, Platts weekly assessments show.
Source: platts.com
Leave a Reply