Price growth to halt in three months: Severstal

Severstal forecasts that the rise in world steel prices will last for about another three months, says ceo Alexander Shevelev.

“I believe that the shortage in the steel market will drive prices up for some time to come,” Shevelev says. “However, sooner or later the market should be balanced: the deferred demand will end, the supply will react to the rise in prices. Most likely, this will happen on the horizon of three months.”

Read more at PRICE GROWTH TO HALT IN THREE MONTHS: SEVERSTAL.

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