Analysts of the British center MEPS ascertain further decline in global steel prices. In a recent issue of the International Steel Review, the British said that prices are down in all markets, including developing.
However, MEPS consider that it is possible in the US, steel prices have reached their "bottom", as evidenced by the statements of local steel plants to raise prices in January.
However, according to analysts, it is quite possible that American Steelworkers wishful thinking and at this stage it is not clear whether the new approach to pricing supported by market.
In North America, noted in the MEPS, prices for flat products have continued to weaken due to weak demand and decline in exports due to stronger dollar, which also led to the growth of imports. According to the observations of British, American buyers are still delaying the purchase of steel, reducing its inventory balances at the end of the year.