https://www.irepas.com/?p=1856&utm_source=rss&utm_medium=rss&utm_campaign=short-range-outlook-may-2014 ıIREPAS gathers producers, traders and consumers of steel rebars, wire rods, sections as well as suppliers of ferrous scrap and steel raw materials Fri, 04 Sep 2015 15:16:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 https://www.irepas.com/?p=1856#comment-37080 Bhaskar Dutta Wed, 07 May 2014 13:33:10 +0000 http://www.irepas.com/?p=1856#comment-37080 The demand for the MENA region will surely be there for May and June, but it is going to be thereafter affected by the Holy Month slowdown and if China situation does not improve there would be serious price issue as demand will fall far short of supply. We have already seen the ore prices going to levels of $105 and scrap is also expected to come down. Thus price and oversupply are likely to be two issues that would have an effect in Q3 for sure and we will have to wait and see for Q4. The demand for the MENA region will surely be there for May and June, but it is going to be thereafter affected by the Holy Month slowdown and if China situation does not improve there would be serious price issue as demand will fall far short of supply. We have already seen the ore prices going to levels of $105 and scrap is also expected to come down. Thus price and oversupply are likely to be two issues that would have an effect in Q3 for sure and we will have to wait and see for Q4.

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