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BRIC Steel prices continue to fall in December: MEPS
Dec 22,2015 15:10CST
industry news
Source:SMM
Steel prices in BRIC countries have slipped by an average of around 4 percent during December, said MEPS International.

BRAZIL December 22 2015 9:03 AM

LONDON (Scrap Register): Steel prices in BRIC countries have slipped by an average of around 4 percent during December, said MEPS International.

In the recent issue of the Developing Markets’ Steel Review, MEPS reported that market activity across the developing world has softened across flat and long products areas. Amid a weak demand outlook, buyers have put further downward pressure on domestic selling prices as sales slowdown, approaching year-end.

In Brazil, domestic producers have called for higher tariffs for imported material to protect market share. Meanwhile, reduced investment activity and sluggish domestic sales continued to dominate the Russian steel scene.

Chinese steel prices keep tumbling as falling raw material costs have enabled customers to secure reductions in their local market.

Low-priced imported material has put further downward pressure on South African domestic resale prices. Meanwhile, Mexican stockists have successfully secured lower transaction values following similar price reductions in the US.


MEPS International
MEPS
Steel prices
BRIC

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