Chris Davis, Peter Brennan, & Sebastian Lewis
In this final episode of 2015, Metals Meltdown's merry little elves, Chris Davis, Peter Brennan and Sebastian Lewis, look at how prices for finished steel and most inputs have fallen as steadily as a winter snowstorm, with very little interest shown by customers for buying material of late.
The US did see steel mills raise sheet and plate prices early in December, but this has yet to gain traction, with demand remaining weak. With rumors of further production cuts into Q1 2016, Asian steel mills have also been looking to increase prices.
Meanwhile, in Europe, buyers are getting used to the trick of steelmakers announcing price rises to stop further declines, and while much of the supply chain want the market to move up, the supply/demand fundamentals may not allow it.
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