Steel Market 2019: Ferro-Met takes stock of the situation in the sector
June has just ended and so the first half of 2019. It is time, therefore, to analyze the trend of the steel market to understand what are the trends and prospects of the sector.
Ferro-Met, a company specialized in the distribution of props, formworks, scaffolding and other construction site products, takes stock of the situation by offering an overview of the sector.
The situation is generally not positive. In the last month, for example, some important downturns of domestic scrap have been recorded. At international level, however, the price remained stable for the first ten days, before falling towards the end and recovering slightly.
Steel market 2019: first half performance
The analysis of the first six months of 2019, compared to the general trend of 2018, shows a slowdown in steel demand; global duties and protectionism along with the climate of uncertainty that is affecting industry and manufacturing are causing a regionalization of the markets.
In Italy, after the period between 2017 and 2018 characterized by renewed optimism and good performance, the steel market is in difficulty. In particular:
- The scrap has had a weak contraction in prices but also in demand.
- Cast iron has seen a reduction in prices.
- Mass and noble ferro-alloys decrease, characterized by erosion of the margins.
A solution to this general crisis situation could be supply chain cooperation, with an active collaboration between producers and distributors, while still respecting their needs.
What to expect, therefore, from the steel market in the next semester? To stay up to date, continue to follow the Ferro-Met news. If you need more information on the solutions offered and the products available, contact us immediately: our staff will answer you in a short time, giving you all the information you need.