Wednesday, March 08, 2006
COMPOSITE STEEL PRICE
LATEST FORECASTS FROM MEPS
NORTH AMERICA - ALL PRODUCTS COMPOSITE
Our forecast figures over the next few months have been uprated from the January predictions. This is because the threat from imports has yet to fully materialise. As a result, price levels over the year are now expected to be higher than previously anticipated by approximately 2 percent. It is noteable that we forecast prices in January 2007 at levels below those at the start of this year despite the strong likelihood of improved consumption in the region.
NORTH AMERICA - ALL PRODUCTS COMPOSITE
Our forecast figures over the next few months have been uprated from the January predictions. This is because the threat from imports has yet to fully materialise. As a result, price levels over the year are now expected to be higher than previously anticipated by approximately 2 percent. It is noteable that we forecast prices in January 2007 at levels below those at the start of this year despite the strong likelihood of improved consumption in the region.
