Industrial Insight

Steel prices up. | December 4, 2013

The MEPS – GLOBAL STEEL PRICE is forecast to expand by approximately six percent over the next five months. The gains are likely to be uneven across the world. The most significant increases are likely to develop in the European Union, after a difficult period for the mills for much of 2013. Slow but steady price advances are predicted in the main steel producing nations in Asia. In North America, the upturn, which started in the second half of this year, is expected to extend into the early months of 2014.

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