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Steel prices in mixed trend in Jan, fall in US, gains in China, Europe, India flat: TSI

Posted on 11 February 2013

Steel prices in January showed a mixed trend across markets with US prices extending decline seen in December while China, European prices gained, while Indian markets were flat. Turkey prices gained on restocking, improved demand, according to a monthly report from The Steel Index (TSI).
In US markets, declining offers from sellers steadily pushed down prices. Spot Hot rolled (HR) pries tumbled with TSI daily index falling from US $640/short ton to US$614/short ton at end of January. Flat carbon steel imports dipped heavily in US Gulf coast. Steel shipments dipped sharply to 2.5 mn tons, the lowest in three years, TSI added………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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