However, prices are expected to remain generally stable in the fourth quarter. According to the survey results, no major changes are expected in the forecasts for steel prices, but there is an optimistic mood in some regions.
Respondents in different parts of Europe agreed that current market activity is generally at low levels across the board. Markets are expected to remain more stable in the UK, Ireland, the Balkans and the Visegrad region, while prices are expected to remain stable elsewhere, except in Iberia where prices are expected to increase.
Activity in the automotive, construction, packaging, machinery and white goods sectors is expected to remain below average. On the other hand, activity in the cylinders and energy sectors is expected to rise above average levels.
In terms of inventory levels, it is stated that there is a general stability. However, stock levels in flat steel service centers are reported to be below average, while stock perceptions are seen to have decreased especially in Italy, Iberia, Scandinavia and Turkey. Inventories in the white goods, automotive and packaging sectors were also reported to be lower than all other sectors.
Comments
No comment yet.