top of page
Search

Global Steel Prices Stabilise Amid Uncertain Outlook

  • Writer: Alpine Metals
    Alpine Metals
  • Sep 3, 2018
  • 1 min read

The consensus view of global steel market participants is that they are uncertain about the future direction of domestic pricing.


At this time of year, US and European flat and long product prices would be expected to weaken, as market activity slows down, during the summer holiday period. The implementation of trade legislation has given US and European producers the opportunity to counter the traditional seasonal price trend.


In response to Section 232 tariffs, introduced in the United States, the European Commission recently announced provisional safeguarding measures on steel imports. The introduction of tariff rate quotas on 23 types of steel is aimed at preventing material, which has been redirected from the US, from entering the region.


MEPS’ research, in August, indicates that European steelmakers are already aiming to capitalise on the supply uncertainty, by raising their offers for fourth trimester business to EU customers. Firm demand and a lack of competitively priced imports should support their pricing initiatives.


In the United States, local selling values have been maintained at elevated levels, despite the reduction in demand, during the summer months. This is due to the high level of trade protection currently afforded to US steelmakers. The dearth of import competition, notably from neighbouring Canada and Mexico, has strengthened the selling position of local producers.


Subsequently, US and European steelmakers have, generally, been able to stave off the threat of losing, in the summer lull, a proportion of the pricing gains achieved in the first half of 2018.

Source: MEPS

 
 
 

Recent Posts

See All
Hello from Alpine Metals

Thank you for taking the time to visit our website and blog. In our aspiration to serve our customers, we have come up with the idea of...

 
 
 

Comments


Alpine Metals is a leading supplier, stockholder and distributor of structural steel products and pipes in the UAE, catering to many thousands of clients in the GCC since 1983. At Alpine Metals, we are committed to providing the highest quality structural steel products to our clients in the UAE and beyond. As a leading stockist of structural steel products, we have earned a reputation for excellence in the industry and are proud to be a trusted partner for many businesses.

Plot S10305, South Zone 1, Jebel Ali Free Zone, Dubai, United Arab Emirates

PO box 18077, Dubai, United Arab Emirates

  • facebook
  • googlePlaces

©2025 by Alpine Metals FZCo

bottom of page