Quiet finished steel market sees harbingers of price rises

摘要

European finished steel prices have remained relatively stable over the past month while market conditions have been quiet as a result of the Christmas holidays. Nevertheless, there are signs that an upturn in prices will be seen in the near future. The European economy is set to see a moderate upturn in 2014, which will help to improve end-use demand for steel, while seasonal restocking is expected to improve apparent demand. As a result, we expect prices to rise in the coming months. The European market for finished steel products has been quiet since last month due to the Christmas holidays and the New Year. As a result, prices have remained relatively stable, although there are signs that an upturn in prices will be seen in the near future.