HomeNewsBusinessMarketsSteel prices to go up in Asia, Europe: SBB

Steel prices to go up in Asia, Europe: SBB

Roger Manser, Consultant to Steel Business Briefing sees steel price moving northwards in the January-June period in Asia. He also predicted slight improvement in Chinese demand for steel in the second quarter.

January 17, 2012 / 13:01 IST
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Steel has been one of the worst performing spaces in 2011. But Roger Manser, Consultant to Steel Business Briefing sees steel price moving northwards in the January-June period in Asia and Europe. This will sustain only if steel producers don't over-produce, Manser said in an exclusive interview to CNBC-TV18. He also predicted slight improvement in Chinese demand for steel in the second quarter, which traditionally is when construction works are in demand.

Below is the edited transcript of Roger Manser's interview on CNBC-TV 18. Also watch the accompanying video Q: Let's first start with the Asian situation. We have got this not so bad GDP number from China but yet the sub 9% number for the first time in two-and-a-half years. How do you expect Chinese demand to pan out? Do you sense the slowdown theme will continue in the first half of this year?
A: No I don
first published: Jan 17, 2012 12:15 pm

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