MEPS Sees Steel Prices Going Up
The
British metals research firm MEPS issued a forecast calling for
a gradual upturn in world steel prices over the next 12 months.
The British metals research firm MEPS issued a forecast calling for a gradual upturn in world steel prices over the next 12 months due to rising global demand and the need for users to replenish inventories. The company also sees stainless steel prices rising in 2010 after a year that saw steep declines. According to MEPS, the bottom of the price cycle was reached early in the second quarter of this year.
The British metals research firm MEPS issued a forecast calling for a gradual upturn in world steel prices over the next 12 months due to rising global demand and the need for users to replenish inventories. The company also sees stainless steel prices rising in 2010 after a year that saw steep declines. According to MEPS, the bottom of the price cycle was reached early in the second quarter of this year.
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