Steel Price Forecasts by MEPS Give Clear Indicators for Future Trends

The global steel market appears to be returning to near normal levels of pricing. 2018 was a turbulent year for steel selling figures in all parts of the world but prices, in 2019, are expected to remain below the peak values recorded last year.

Rapid steel price rises took place in North America during the first half of 2018. These were followed by substantial price reductions in the second half of the year. Similar, but less dramatic decreases in steel selling values took place in the European Union during the July/December period.

In mid-year 2018, MEPS predicted prices reductions for flat products in both the EU and North American markets. These proved to be substantially correct for the benchmark hot rolled coil product form.

Charts showing MEPS’ forecasts prepared in June 2018, together with actual published data, over the following six-month period, are set out below. It is clear that the MEPS predictions for future prices were broadly in line with actual values in both regions researched. The data was contained in the company’s regular monthly reports –International Steel Review and European Steel Review.

For long term steel price predictions, MEPS publishes regional steel price forecasts.

For further details of the latest steel product price forecasts please follow the links below.

Steel Price Forecasts to 2023 (MEPS Long Term Reports)

12 Month Forecasts with 5 Years Steel Price History (Updated Monthly)

MEPS Forecasts EU
MEPS EU Average Hot Rolled Coil (€/tonne)
Actual v Forecast for the period July 2018 to December 2018
MEPS Forecast North America
MEPS North America Average Hot Rolled Coil (US$/tonne)
Actual v Forecast for the period July 2018 to December 2018

Source: MEPS International Ltd