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Steel market's immediate future looks grim
12:39 03 Apr 2003
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The short-term prospects for the structural steel market are grim,
according to the latest report from Market & Business
Development (MBD).
The tonnage of steel sold is forecast to fall 1% this year and next to just shy of 1.3 million tonnes. MBD expects a 2% increase in 2005, another 1 % increase in 2006 before dropping back 2% in 2007.
Demand from the industrial sector will drop by 11% over the period, just compensated by small increases from the commercial, offices and infrastructure sectors.
One bit of good news is the forecast for a drop-off in the import of structural steel, expected to fall nearly 6% over the period.
The report is available from MBD on 0161 247 8600 or from its website www.mbdltd.co.uk
The tonnage of steel sold is forecast to fall 1% this year and next to just shy of 1.3 million tonnes. MBD expects a 2% increase in 2005, another 1 % increase in 2006 before dropping back 2% in 2007.
Demand from the industrial sector will drop by 11% over the period, just compensated by small increases from the commercial, offices and infrastructure sectors.
One bit of good news is the forecast for a drop-off in the import of structural steel, expected to fall nearly 6% over the period.
The report is available from MBD on 0161 247 8600 or from its website www.mbdltd.co.uk
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