Insurances.net » Global Economy » Economic rebound in the global steel situation in developed countries also grew by nearly

Economic rebound in the global steel situation in developed countries also grew by nearly

The procurement activities of the Turkish market has been weak seasonal demand and a religious holiday by the upset

. The scarcity of active buyers, so long products steel producer dared to higher raw material costs they pass to the buyer. If, however, if raw material prices continue to rise, this strategy may end soon. In the flat material, the Eldemere (Erdemir) Iron and Steel Company has for the first time since early September lowered its basic premium. Short-term agreement between the buyer and seller concessions remain.

In December, the UAE steel market has been shrouded in gray clouds. In recent weeks, Abu Dhabi and Dubai has been the fate of contrast up to an important discussion. Debt problems have undermined the confidence of the latter, while the economy has yet to shake off the global credit crisis hit. Demand may decline further.

India's major steel producers in December cut its domestic reference prices for most products. This is the price continued to drop and the second month. Their goal remains to limit steel imports. In the next year in January, this strategy may be the end. Lower prices to stimulate the procurement activities. Some departments and steel enterprises have already hinted in the first quarter of 2010, prices will rise. Other departments and enterprises concerned not believe they think the price of steel has not bottomed out.

In South Africa, the steel market, business conditions have not improved. Highveld Steel (Highveld) once again follow the ArcelorMittal South Africa (AMSA) pricing strategy adopted by the company. In fact, the local purchase has been automatically scroll. To fill its capacity, the former late in November the implementation of a "special" way of selling. For the next year in January, the local market sentiment cautiously optimistic.

Brazilian steel producers remain optimistic about the market strength of the recovery. Plate and strip manufacturers continue to develop the pricing policy was criticized blame. In December, the Brazilian domestic prices upwards. Steel distributors have their own stock price increased. Market participants also believe that if the current price should be maintained, the local steel mill will have to resume exports. Steel production capacity continues to exceed the actual use. Brazil's domestic producers Gerdau steel companies sought to calm its construction steel prices will be adjusted on the market rumors. The steel company intends to maintain its end of the year offers and discount domestic policy remains unchanged.

The recovery of the Mexican steel industry terms of trade continue to be difficult obstacles. Low demand for domestic steel market, lead to further downward pressure on offer. Local steel manufacturers have improved the actual prices of some products. This is mainly through the abolition of the means of steel price discounts achieved. This angered the downstream processing of steel users. Next year in January, the market sentiment will grew by nearly mixed, steel prices fluctuate in a flat. Currently manufacturers are pushing prices up to five per cent increase, while the end-user prices of steel products in the requirements to have a "real" cuts.

Decline due to seasonal demand, the CIS steel market is now very weak. Major local steel companies have chosen to cut their reference price, to protect their market share. Steel traders have also taken a similar pricing strategy. Russian iron and steel industry that the current low level of iron and steel industry will not continue. The local steel mills to resume full production, and overall earnings will have a long way to go. Layoffs, reduced hours of work and apply for bankruptcy is still the most popular topic. The Russian government has approved an ordinance authorizing collection of some cold-rolled products of 5% import duty, since January 2010, was enforced.

In Ukraine, the trading environment has begun to stabilize. Provided by the local steel mill steel products, most of the domestic offer is now down by more than export quotations. This strange phenomenon has been through the government and the Memorandum of Understanding between the iron and steel enterprises corrected. January 2010, the domestic steel producers plan to finished rolled steel output by 4.5 percentage points, to 2.77 million tons.

Economic rebound in the global steel situation in developed countries also grew by nearly

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Economic rebound in the global steel situation in developed countries also grew by nearly