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Global steel price to recover in next three years: MEPS

Posted on 18 October 2013

Global steel prices are expected to recovery in the next three years, according to MEPS International.In the company’s latest long term forecast, it predicts that 2013 will be the low point in this cycle. Consumption should begin to pick up in 2014 as the economic climate improves. Nevertheless, there are a number of difficulties to overcome.
Government spending restrictions in western nations are expected to continue to limit infrastructure and construction activity. Furthermore, concerns are developing over a slowdown in Chinese demand. Moreover, buyers across the world are likely to remain cautious about rebuilding inventories………………………………………..Full Article: Source


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