Year’s demand for metal and steel, while exporting economies’ prices rose

Year’s demand for metal and steel, while exporting economies’ prices rose

Steel price dynamics: Gentlemen, the ice is broken! There are many lonely hearts here looking for a serious date! Hide ad weight problem? Lose weight together! Unique nutrition course. Health and beauty as a gift! -.
In the exchange trading on the London Stock Exchange in January 2215, the expected rise in steel prices was reasonable. The dynamics of steel prices indicate that in the next six months, steel prices will rise by about 6%. Offer prices in the North American market will increase steadily and are expected to be important in EU countries, but the Eastern and Asian markets will largely depend on China's conditions. Therefore, the over-saturation of the market caused by the cheap export of Chinese steel products may become a detrimental factor to growth.

As Bunch the price of rolled metal products rises, economic conditions are still improving, and consumer demand for rolled metal products and rebar is also increasing. They calculated that this year's growth rate will not be too great, but it will exceed last year's target.
The Organization for Economic Cooperation and Development has confirmed the economic recovery in the United States and its growth forecast for this year, with 2.5-3.0% for the United States, 2.8% for South Korea, 2.3-2.5% for Canada and the United Kingdom, and 1-1.5% for EU countries and Japan. . China had the highest growth rate (7.2%), although it was significantly lower than previously expected.

The resumption of work on previously closed blast furnaces and the introduction of new blast furnaces indicate an increase in domestic demand. The largest hot rod producers ThyssenKrupp and ArcelorMittal have officially announced price increases for their products, which will soon be reflected in stock quotes. In the Russian rolled metal market, prices are expected to rise until the second quarter of this year. Although spot market prices are still low, the United States has shown new confidence and increased consumption of manufactured goods. Rising domestic prices can reverse this trend.

Japan has not increased exports because the demand from traditional importing countries is still limited by the unstable economic situation. In addition, the main customers in Asia are not active, and China is dealing with overcapacity and reducing imports.

The losses suffered by South Koreans included reduced exports to China and the devaluation of the yen, which dealt a heavy blow to South Korean exporters. In November last year, there was the last increase in the price of stainless steel in the world market, and then there was a downward trend because they were directly related to the price of nickel. This trend will continue in the future. However, British experts are waiting for the price to stabilize and predict that stainless steel prices will gradually increase throughout the year, while the purchase volume in the first three months will increase. The dynamics of steel prices in the Russian stainless steel market indicate a slow response to positive trends on the world trade floor, and Asian metallurgists have announced that the price of nickel has increased due to the increase in nickel quotations.

To be sure, the nickel market is slowly growing. Its price has risen by 9.5%, which allows analysts to say that the demand for metals will grow by about 5% in a year. Although the United States and China are still considered the main consumers of nickel, emerging economies may soon play a role in changes in nickel prices. In response to various factors, nickel prices throughout the year are likely to fluctuate within the established price range-from highest to lowest. So far, the small increase in the price of alloy metals has not affected the cost of stainless steel in any way, so only in the case of increased demand can we expect a positive trend with confidence.

According to the forecast of exchange analysts, the price of nickel may have risen to US$18-22 1 in 2010. If the world economy starts to recover actively after the crisis, the price of nickel may reach US$22-22 per ton by 2217.

There are many lonely hearts here looking for a serious date! Read more. Hidden ads on Russian dating sites in Lithuania, dating Russian speakers in Lithuania. Verified profile. free registration! Learn more about hidden ad weight issues? Lose weight together! Unique nutrition course. Health and beauty as a gift! More - . Global Economic, Commodities, Scrap Metal, and Recycling Report 7/13/20