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DEVELOPING MARKETS STEEL MARKET ROUNDUP FROM MEPS-2017 China(Guangzhou) Int’l Bearing and Equipment Exhibition
4/12/2017 -bearing and equipment expo |
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The business environment remains challenging in the Russian Federation, according to MEPS. Downstream steel buyers are reluctant to make deals as they would like to get a clearer market picture. The flat product purchasers reiterate that the latest price initiative is unwarranted and does not reflect real demand.
Indian stockists queried whether the latest domestic long product offers are supported by market and economic fundamentals. MEPS detects a reluctance on the part of end-users to commit to forward orders.
The outlook for the Ukrainian market is unchanged. Domestic steelmakers are forecasting that the second quarter will be a difficult trading period. MEPS notes little appetite for purchasing amongst construction firms, at present.
Buying sentiment in Turkey remained unsettled, in March. Local service centres plan to persevere with conservative inventory levels in the interim period, citing that the uncertainty surrounding the April constitutional reform, had depressed activity in the construction and industrial sectors. Exporters are focusing on the Asian market, owing to increased competition, from Russian and Indian suppliers, in the Middle East and North African regions. 轴承展-2017年广州国际轴承及其装备展览会-2017 China(Guangzhou) Int’l Bearing and Equipment Exhibition
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