WORLD STEEL PRODUCTION IN 2010 EXPECTED TO BE NEW RECORD FIGURE

EXCLUSIVE - By Mr. P M Fish of MEPS (INTERNATIONAL) Ltd: 06.01.2010

The outlook for the global steel industry in 2010 is now looking very positive. In fact, MEPS is forecasting a new record high output this year. There are several reasons for this bullish prediction.

First, Chinese steel production and demand is likely to continue its inexorable rise. Government stimulus packages to increase consumer demand for cars and home appliances will extend into the New Year. Perhaps, more importantly, the state is funding massive construction in the West of the country and immense infrastructure projects for rail, road and bridges in the East. This could lift steel output to above 600 million tonnes in 2010.

Second, Indian steel manufacturing will reach an “all time” high this year, after another peak outturn in the previous twelve months period. New record steel production rates are also likely to be set in several other countries, including, Turkey and several Middle Eastern countries.

Most of the steel boom will come from the developing nations of the World. However, manufacturing activity in many of the industrialised countries is starting to improve. This will add to the rise in steel production this year.

Global steel output in 2010 is forecast by MEPS at 1350million tonnes. This represents an 11.1 percent increase on the anticipated 2009 outturn, which in turn, will be 8.4percent below the figure recorded in the previous twelve months.

See: MEPS World Steel Outlook Q4-2009.

SOURCE: Mr. Peter M Fish: MEPS – World Steel Outlook – 2009 Quarter 4 will be published early 2010.

Prices for your

 website

CARBON STEEL PRICES

Steel Prices in Germany

Steel Prices in France

Steel Price in Italy

Steel Prices in the UK

Steel Prices in Belgium

Steel Prices in Spain

Steel Prices in Denmark

Steel Prices in Sweden

Steel Prices in Finland

Steel Prices in the Netherlands

Steel Prices in Austria

Steel Prices in Norway

Steel Prices in the US

Steel Prices in Canada

Steel Prices in China

Steel Prices in Japan

Steel Prices in S. Korea

Steel Prices in Taiwan

Steel Prices in Poland

Steel Prices in Russia

Steel Prices in India

Steel Prices in UAE

Steel Prices in the Ukraine

Steel Prices in Turkey

Steel Prices in South Africa

Steel Prices in Brazil

Steel Prices in Mexico

STAINLESS STEEL PRICES

Steel Prices in Germany

Steel Prices in France

Steel Price in Italy

Steel Prices in the UK

Steel Prices in Spain

Steel Prices in Denmark

Steel Prices in Sweden

Steel Prices in the Netherlands

Steel Prices in the US

Steel Prices in China

Steel Prices in Japan

Steel Prices in S. Korea

Steel Prices in Taiwan