Stahlpreise in den aufstrebenden Märkten belastet durch schwache Nachfrage und wirtschaftliche Krise
Steel prices in emerging markets weighed down by low demand and economic woe.
Brazilian steelmakers are expected to persevere with moderate pricing policies in the second quarter, despite improved shipments to key consuming industries and minimal price competition from foreign suppliers. Aggressive pricing positions are unlikely due to the real’s exchange rate against the US dollar.
Finished steel prices in Russia softened in April. Underlying consumption has fallen short of industry projections, amid a slow start to the construction season. Distributors plan to maintain manageable inventory levels as a result.
Indian end-user groups intend to persevere with their conservative procurement strategies next month. The Supreme Court has authorised a partial easing of the ban on iron ore mining activities in Bellary (Karnataka).
Market sentiment in China has been unsettled by weak underlying demand growth and high inventory levels. Distributors have postponed replenishing depleted inventory levels. Several domestic steelmakers intend to leave their selling figures unchanged in May.
Ukrainian steelmakers have had limited success in pursuing price growth. Low seasonal consumption rates have compelled suppliers to divert material to overseas markets.
The outlook for the Turkish steel market is now less transparent amid uncertainties. Flat product mills have faced stiff price competition from distributors, selling materials purchased earlier at a lower price. Automobile steel suppliers report that domestic requirements have been weighed down by the on-going EU sovereign debt crisis.
Difficult trading conditions persist in the UAE. Shipments to the construction sector and pipe fabricators remain modest.
Quelle: meps.co.uk
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