Steel market briefing - October 2009

This briefing examines the  causes of recent steel shortages in the UK, and analyses recent market developments more generally and the factors influencing steel price increases.

It concludes that:

1. Any steel shortages currently appearing on the market are temporary, and have been due to the difficulties inherent in bringing large increments of capacity back on stream to match fluctuations in demand.

2. Market conditions, and accordingly steel prices, while improved from earlier in the year, remain poor in historical terms.

3. Despite this, steel raw material prices have not fallen to the same degree as steel product prices, and steel companies will need to recover these costs through price increases as and when market conditions permit.

Published 15 October 2009
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Steel market briefing - October 2009

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