No Joy for Developing Steel Markets

The Turkish long product producers have increased their local offers this month. Buyers believe this move is not warranted. It has not been facilitated by solid orders. The flat product segment is still experiencing challenging trading conditions. Not much has changed in the UAE. Material imported last summer remains quayside. The present rate of utilization stays low. Values are now expected to be flat for some time.

The CIS steel markets are still frail. Most of the principal steel makers have finalized contracts for their next month's production volumes. Low demand has forced some steel mills to lower their offers again.

Transaction values have fallen across the board in South Africa. Government projects continue to prop up the steel industry. The business environment in the flat products segment has not improved.

Market sentiment in the Mexican steel market is stronger than last month. Nonetheless, end-user requirements are still low and price expectations are downbeat. The Brazilian transaction values have been under pressure this month. Requirements from the industrial sectors have shown little improvement.

The Indian steel industry has had contrasting fortunes in April. Demand for long products was strong in the first half of the month but has now tailed off. Flat product sales volumes continue to be low but selling values have shown a degree of stability.

Source:

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.