According to the British analytical Agency MEPS, the summer season of July-August did more skazitelnym decline in market activity in the steel industry. Basically, prices remained unchanged throughout summer. More recently, ArcelorMittal announced the intention to increase prices by €20 / tonne in the 4th quarter. The initiative is supported by an increase in orders and a desire to compete with the imported goods. However, most of the orders for October have already been made at the old prices.Thus, the possible increase in prices may occur in November-December. Most buyers believe that of the region furnished with the demand and prices for iron ore will not contribute to the growth of steel prices.
German steel market as the main European market, there was no real change in steel prices in the last 2 months. Some companies tried to announce the increase in the price of €20 per tonne, however, to no avail. Importers also have shown little interest in this market,because domestic prices were low.
Steel demand in France remained modest in September. New orders the distributors place reluctantly. Some manufacturers also petersii to increase prices,but buyers were skeptical.
In early September, the Italian company Ilva and Marcegaglia announced the increase of prices EN €20 per tonne for October deliveries. MEPS noted a slight effect of market size on prices amid the recent decline in prices, low demand and high inventories.
Some merchants in Britain, noted a normalization of demand in August and continued in September. However, benchmark prices fell below the level of July, due to the high influx of imports, said MEPS. Latest announcement on prices would not be agreed upon for October,but maybe it will happen in November, because negotiations with customers are still going on.