MEPS REPORTS A SLIGHT UPTURN IN EU STEEL PRICES IN JULY TABLE 1. FLAT ROLLED PRODUCTS - NEGOTIATED BASIS PRICES - GERMANY

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1 p Annual Subscription Rate 2009: UK NON UK KEYNOTE JULY 2009 MEPS REPORTS A SLIGHT UPTURN IN EU STEEL PRICES IN JULY Demand and prices are strengthening in the European strip market as the destocking phase is all but over and buyers need to fill the gaps in their inventories. Delivery lead times are lengthening and a surge in third country imports is unlikely due to the competitiveness of domestic prices. Several major mills have told customers they intend to lift basis values for the third quarter. The proposed rises range from 20 to 30 per tonne. However, some companies feel the move is premature. There are concerns that producers may try to ramp up capacity too soon and that the market will be unable to absorb the increased supply, especially as the summer vacation is looming. TABLE 1. FLAT ROLLED PRODUCTS - NEGOTIATED BASIS PRICES - GERMANY 2009 price/tonne FEB MAR APR MAY JUN JUL Hot-Rolled Coil High: Hot-Rolled Plate High: Cold-Rolled Coil High: Hot Dipped Galvanised Coil High: Electro-Zinc Coated Coil High: Stainless Steel Type 304 High: Stainless Steel Type High: MEPS (INTERNATIONAL) LTD 263 Glossop Road, Sheffield S10 2GZ, England Tel: (0114) Fax: (0114) subs@.co.uk Web Site: There are more enquiries now in the German market but they are mainly from customers looking for specific qualities and dimensions because they have run out of these items. Consequently, the mills have received a greater number of orders in recent weeks but volumes remain low. It is too early to say whether buyers will eventually accept the higher prices demanded. Certainly, some period three business has already been concluded at second quarter figures. Signs of improvement in real consumption are virtually non-existent. In France, stock levels are returning to normal. Activity is picking up slowly, particularly in the ISSN by MEPS. All rights reserved. No information contained in this report may be used or reproduced in any manner whatsoever without written permission from the publisher. p Photocopying, faxing or forwarding by to a third party is strictly prohibited without the permission of MEPS (International) Ltd.

2 auto sector, but many end-users are still suffering from the economic downturn. Offers from the mills are limited because of output curbs. As a result, most EU suppliers have announced price hikes for the July/ September period. Values have remained stable, so far, but market participants believe that the proposed increases are likely to be implemented soon. Business is not so bad in Italy. Activity has picked up quite suddenly. All, or most, of the surplus stock has been removed from the supply chain and customers need to purchase material again, although not in large quantities as consumption is relatively low. Companies are still struggling but the consensus view is that the worst is behind them. Riva has been able to push up prices as availability has been tightened by significant output cuts. Improvements in international markets have lessened import pressure. Market signals are slightly more encouraging now in the UK. The mills are lifting prices. They have seen a spike in purchasing as customers run out of inventories and the production restraints of recent months have significantly restricted supply. However, market players fear it may be a "false dawn" because there are no FLAT PRODUCTS HOT ROLLED COIL In Germany, delivery lead times are extending now that buyers need to replenish stocks and mills continue to keep output down. However, there is still tonnage available at the ports. The domestic mills are talking of a price hike but, so far, we have no evidence that it is being implemented. An improvement in demand p 2 p by MEPS. No information contained in this report may be used or signs to indicate any uptick in real consumption. Buyers generally have paid more for third quarter business due to limited availability, reportedly exacerbated by "production issues" at Corus that are causing deliveries to run up to two months late. The Belgian scene has changed very little. Producers are claiming increases but customers believe the proposals to be too ambitious for the moment, since inventories have still not been cleared. Underlying demand has not improved and the general economy is weak. Spanish distributors' stocks have been reduced to very low levels. Service centres report that enquiries have gone up a little, recently, but there are fears that the upcoming summer holidays will dampen this small revival. Nevertheless, stockists and end-users recognise that prices are firming. Most July/August business has already been booked at figures similar to the second quarter but September deliveries are likely to carry a premium as supply tightens. Import prices are still above local ones. Additionally, the tonnages that most customers require are not sufficiently large to warrant ordering overseas. from French service centres is due more to a slowdown in inventory depletion than to any real recovery in end-users' activity. In Italy, distributor business is reviving. The domestic producer has very little material for sale, so, after three months of price stabilisation, a small rise has been secured. Turkish quotations have moved from 315 per tonne, cif, a month ago to a current level of 355 per tonne with only small TABLE 2. LONG PRODUCTS NEGOTIATED BASIS PRICES - GERMANY ( /tonne) FEB MAR APR MAY JUN JUL Wire Rod High: Medium Sections High: and Beams Rebars High: Merchant Bars High:

3 MEPS - API LINEPIPE STEEL PRICE INDEX X60/65 COMPOSITE Hot Rolled Plate Hot Rolled Coil Q1/09 Q2/09p Q1/09 Q2/09p EU Average Non Sour Sour * Q4/06 = based on Euro values. ** p = Provisional. e = Estimate. quantities on offer. Russian suppliers have concluded some business at 375 per tonne, cif. Supply is constrained in the UK due to the replenishment of inventories as gaps appear for certain grades. Customers have agreed to pay more for period three deliveries. 2 metre wide coil continues to command a premium. Third country imports are available at 350 per tonne, effective delivered. Belgian end-users are only buying the minimum they need. The mills are trying to implement price hikes but so far without success. Spanish buyers have conceded a small advance for July/August shipments and are likely to accept another 20 per tonne on top of this for September business because of a lack of material. HOT ROLLED PLATE Although new plate sales are minimal as the summer vacation approaches, the worst seems to be over with the Southern European markets recovering quicker than those in the North. Higher oil prices mean that more offshore developments are going ahead and line-pipe projects are coming back on stream. There is very little pressure from third country importers. p Inventories at German stock yards are still too high, although they are declining. Sales, ex-stock, are poor. Distributors are quoting similar prices to the mills, which cannot be sustained. Steelmakers have cut capacity accordingly but it will take some time for the market to come back into balance. Nevertheless, domestic values appear to have bottomed out this month. There are more enquiries in France, where inventories are now in line with real demand. Prices have probably reached the floor in July and should stabilise during the summer. In Italy, service centre stocks are no longer in surplus. Some re-rollers have reasonable order books as sales have picked up recently, especially for bridge building projects. Selling values have held for the third month in a row. 3 p by MEPS. No information contained in this report may be used or UK prices are unlikely to drop any further. Demand, generally, is quiet but we have reports that order intake from the energy sector has improved slightly. Belgian suppliers have been forced to concede another discount. Spanish mills are now securing some orders for project work. Although sales are improving in tonnage terms, material is still taking a long time to clear. Producers have cut output considerably but prices continue to tumble. COLD ROLLED COIL Currently, German customers have fairly empty inventories. However, they are only purchasing small quantities at any one time as they lack the confidence to order more. The immediate implementation of the proposed price rise does not look feasible in the current climate. There is some reordering underway in France, albeit limited. A number of end-users are buying and several distributors are refilling holes in their stocks, which gives grounds for optimism. In Italy, inventories are well down and customers are looking to buy. Final demand has changed very little, meaning the current purchasing spree is purely a restocking exercise. Domestic mills are quoting higher prices and a small upward trend has already been noted. Market participants are expecting more serious movements from September onwards. Traders are not finding it easy to source third country material. In the UK, this product is relatively depressed with low levels of demand from the poorly performing auto and domestic appliance industries. Nevertheless, producers have secured a 20 per tonne hike for July TABLE 3. COMPARISON OF LOW MARKET BASIS PRICES - COLD ROLLED COIL Local Currency US$/Tonne last this last this month month month month Germany France Italy UK Belgium Spain Note: Exchange rates used for conversion are based on the figures given in our currency exchange rate table.

4 p 4 p by MEPS. No information contained in this report may be used or TABLE 4. FLAT ROLLED PRODUCTS - NEGOTIATED BASIS PRICES Germany France Italy UK UK Belgium Spain ( ) ( ) ( ) ( ) ( ) ( ) ( ) Hot Rolled Coil High: Hot Rolled Plates High: Cold Rolled Coil High: Hot Dipped High: Galvanised Coil Electro-Zinc High: Coated Coil Stainless Cold (a) High: * Rolled Type * Stainless Cold (a) High: * Rolled Type * MONTH on MONTH % CHANGE Hot Rolled Coil Hot Rolled Plates Cold Rolled Coil H.D. Galv Coil E.Z. Coated Coil S/S CR Type S/S CR Type BASIS PRICE AND PRODUCT DEFINITIONS Negotiated basis price ranges pertain to new purchases for mainstream business negotiated with regional mills during the current month for delivery in the future. They relate to prime material ex basing point net of all rebates and discounts for the lowest quality product in the producers' price lists unless otherwise stated. Extras for size cutting, testing, transport etc. are excluded except where specified. Notes: (a) Basis - 1.5mm thick. Prices in this table may relate to deliveries in different time periods. It is important that this table is read in conjunction with the text in the newsletter. The data contained in this newsletter has been obtained from respondents who we consider provide accurate intelligence on the steel market. We make our best endeavours to be assured that the information is correct and that our analysis is reliable. MEPS (International) Ltd. cannot be made liable for any loss resulting from use of our published data, however it may arise.

5 to September deliveries. Russian material is available for just under per tonne, effective delivered. It is doubtful that the proposed period three rise will be agreed in Belgium, where demand is not sufficiently strong to support an advance at present. Spanish values for July/August have settled at the slightly higher figures established in June. However, since availability is restricted, any business concluded for September could be around 20 per tonne above these numbers. COATED COIL It is not clear in Germany whether the increased demand for hot dipped galvanised coil, created by the government's auto buying stimulus package, will be long lasting. Sales to the vehicle sector are improving in France. State eco-incentives for car buyers are showing some encouraging signs in Italy. Domestic prices of galvanised coil are slightly higher this month. Turkish suppliers are offering at / per tonne, cif, effective. In the UK, auto manufacturers are beginning to restart production as the car scrapping scheme has boosted orders. Low inventories of coated coil have led to an upturn in buying interest, enabling the mills to gain a 40 per tonne rise. Tonnage is severely limited at present and further price gains are possible. Suppliers have held Belgian figures at the June level. Vehicle production continues to fall in Spain, despite the incentive plans applied in several countries where Spanish cars are sold. Steelmakers are hoping to achieve a small price advance for September business. p The trend for electro-zinc coated coil values is steady in Germany, where demand continues to be subdued. No movements have been monitored in the French market. Italian figures climbed marginally as a few more agreements were concluded. European suppliers have secured a small rise in the UK in tight market conditions. Some deals have been negotiated with LONG PRODUCTS WIRE ROD In Germany, proposals by the mills to increase drawing quality wire rod prices have not met with any success, so far. Recoil inventories remain high as customers only buy small parcels to fill holes in their stocks. Producers continue to offer discounts as they struggle to secure orders. Drawing rod figures have softened 5 SPAIN FLAT-ROLLED PRODUCTS Market Basis Prices, /tonne p by MEPS. No information contained in this report may be used or /07 11/07 3/08 7/08 11/08 3/09 7/09 HR Coil CR Coil HR Plate HD Galvanised South American suppliers for delivery towards the end of period three. Values have held up in Belgium. Spanish customers have agreed a roll over of prices for early third quarter deliveries. STAINLESS COLD ROLLED COIL In June, the European producers were successful in increasing basis figures for austenitic steel, as well as alloy surcharges. The mills' continuing production curbs, together with depleted inventories throughout the supply chain, were supporting higher prices. Ferritic basis values were unchanged in most countries. The Acerinox alloy surcharge remained out of step with those of the other main European steelmakers due to its different reference period. As a result, market participants in Spain negotiated effective figures. Consequently, our numbers for that country were calculated from the transaction values and are, therefore, notional. in France. The mills making mesh grade material have been unable to maintain the recent upward price trend. Our figures are 20 per tonne below those of June. Despite announcements by local producers of a 30 per tonne rise from the start of July, Italian selling values for the low carbon qualities have lost 20 per tonne since our last report, amidst sluggish demand. The recoil market is quite depressed. Distributors are

6 having problems offloading their existing stocks. Producers have agreed concessions to try to encourage bookings. There is very little demand for drawing rod from either the auto or construction sectors in the UK. Inventories of mesh grade material are plentiful. No price movements have taken place over the last month. A small decrease has been noted in Belgium and Spain for the drawing specifications. In the latter country, sales of mesh quality wire rod are few and far between. A number of mills are concentrating their production on rebar. The market cannot support a price rise. p 6 TABLE 5. LONG PRODUCTS - NEGOTIATED BASIS PRICES p by MEPS. No information contained in this report may be used or price/tonne Germany France Italy UK+ UK+ Belgium Spain ( ) ( ) ( ) ( ) ( ) ( ) ( ) Wire Rod (b) High: Medium Sections High: & Beams (c) Rebar (d) High: Merchant Bar (e) High: MONTH on MONTH % CHANGE Wire Rod M.Sect. & Beams Rebar Merchant Bar BASIS PRICE AND PRODUCT DEFINITIONS MEDIUM SECTIONS AND BEAMS ArcelorMittal and Peiner Trager have reduced their raw material surcharges for July to 64 and 72 per tonne, respectively, in line with scrap movements. Several mills have officially announced higher basis prices for the third quarter. However, despite much lower stocks at customers, sales remain slow. German demand is incredibly low. The producers are keen to do deals. Nevertheless, basis figures have held at the June level. In France, it is still easy to get a discount for any customer ready to place decent tonnages. Prices fell further in late June and, although Negotiated basis price ranges pertain to new purchases for mainstream business negotiated with regional mills during the current month for delivery in the future. They relate to prime material ex basing point net of all rebates and discounts for the lowest quality product in the producers' price lists unless otherwise stated. Extras for size cutting, testing, transport etc. are excluded except where specified. Notes: + All UK prices include size extra (b) Drawing quality incorporates a quality extra. (c) Category C1. Includes size extras. Excluding surcharges except for UK and Spain. (d) High Yield - deformed. (e) Round Bar. Prices in this table may relate to deliveries in different time periods. It is important that this table is read in conjunction with the text in the newsletter.

7 they have now recovered slightly, are still below the numbers last reported. Sales are poor and offers are plentiful with lots of competition between suppliers. Needless to say, mills are not applying their planned increases. Italian buyers have agreed a small rise on basis values. The market is sluggish but stocks are better adjusted. However, distributors report that the recent hikes are difficult to pass on to their customers. Current demand is grim in the UK, where orders on the mills are scarce. No speedy recovery is envisaged. Service centres continue successfully to reduce inventories and are now prepared to reorder small amounts. Very few third country imports are available and quantities from mainland Europe are lower than normal. Domestic market prices have come off by around 40 per tonne since last month but no further deterioration is anticipated. In Belgium, smaller contractors have only limited order books. Government investment is lacking. Demand for structural sections has not revived. However, in recent settlements, the mills have offset the lower surcharges with a slightly higher basis figure. There have been a number of offers from South Korea but few customers were attracted because they were not sufficiently cheap to compensate for the long delivery lead times involved. The Spanish market is quiet. Prices have tumbled due to dull demand. Local mills are accepting any orders that are available. Consequently, import business is dead at present. REINFORCING BARS p European demand remains weak with most customers' requirements for July/August already covered. Therefore, there is very little new business being concluded. However, scrap and billet prices are moving up and the mills need to recoup their additional costs. Consequently, they have raised their offers to both domestic and export clients. Overseas buyers are now accepting a level of 335/350 per tonne, fob but the hike has proved impossible to implement locally. The German market is particularly depressed and prices have actually fallen further. French values have also dropped, due to a decrease in activity. In Italy, there has been no resurgence in domestic demand but export orders are picking up again. Escalating scrap costs persuaded the mills to try to lift prices, given low stocks and ongoing output cuts, but customers have resisted the move. UK construction demand continues to contract. Selling 7 SPAIN LONG PRODUCTS Market Basis Prices, /tonne p by MEPS. No information contained in this report may be used or /07 11/07 3/08 7/08 11/08 3/09 7/09 Wire Rod (Drawing) Rebar M. Sections (I Beam) Merchant Bar values have started to dip again as local producers compete for work. Inventories have reduced but are still plentiful. Supplies are not restricted. Domestic mills are keeping prices low enough to discourage importers. Basis figures are expected to fluctuate only slightly over the summer, as there is little scope for them to sink much further. Belgian consumption is very poor and delivery lead times short. End-users are refusing to carry stock. Basis numbers have moved down again to 130/160 per tonne, a drop of 50 per tonne. Spanish demand is not sufficient to sustain the local steelmakers, who must look overseas for orders. Prices, which dipped lower in late June, have now recovered. MERCHANT BARS Selling values remain soft in Germany, despite efforts by suppliers to boost them. Enquiries are few. French market demand is poor with delivery lead time down to two/three weeks. However, higher scrap costs have helped to sustain prices and even allow a small improvement. Some reordering is now taking place in Italy as companies have run down their stocks. Nevertheless, buyers are proceeding with caution and producers will maintain their output curbs until demand strengthens. Prices are stable. The 20 per tonne June increase has failed to hold in the UK with mill values reverting to the May level. Distributors found the rise difficult to pass on in its entirety to their resale customers. Demand is slow because of the poor state of the manufacturing industry. Stocks are reasonable but there is oversupply. Belgian

8 basis figures continued to drop in late June but have revived a little since then - finishing 30 per tonne below the last reported numbers. Spanish sales have MARKET/INDUSTRY SCENE EU AUTO According to statistics from ACEA, the number of new passenger cars registered in the EU27 + EFTA was down by 4.9 percent in May - the thirteenth consecutive monthly decline. The cumulative total for the first five months of this year came to almost 5.96 million units, a fall of 13.9 percent. During this period Germany was the only country to show any significant gain. GERMANY Recent data from the German economy ministry showed industrial output rising by an unexpected 3.7 percent in May compared with April - a sign that the country's recession may be easing. The increase was much higher than the 0.5 percent predicted by analysts, however, it was still 19 percent down year-on-year. MEDIUM TERM PRICE FORECASTS FLAT PRODUCTS The MEPS EU Average Hot Rolled Coil transaction price moved up by almost 10 per tonne in July. Demand on the mills increased as de-stocking came to an end, despite poor end-user consumption. Some distributors bought ahead of the summer shutdowns in a bid to improve their availability for September. This, coupled with continued output restrictions, helped producers to obtain price advances. p Cold rolled coil selling figures climbed by just above 1 percent over the last four weeks due to limited availability. Sales to the automotive industry improved slightly. Nevertheless, the premium for this product over hot rolled coil dipped to a ten-month low in July. Prices for both products are expected to continue on their upward path after the forthcoming holiday period. However, there remains the risk that the recent uptick will be only temporary. Demand from end-users is likely to stay low during the remainder of this year. Pressure from imports could also return in the fourth quarter if domestic transaction values continue to escalate. These factors could limit price rises in the second half of p by MEPS. No information contained in this report may be used or FLAT PRODUCTS FORECAST Hot Rolled Coil Cold Rolled Coil picked up marginally from a very low point but real consumption is flat. Suppliers are still unable to secure any basis price improvement. Another positive sign came from figures which showed a rise in factory orders. CAPACITY Dillinger Hütte, the German plate maker, is to upgrade its No.5 continuous slab caster next year. It will take about ten weeks to complete. However, advance stock will be produced to avoid disruption. PRODUCTION ArcelorMittal is to restart a blast furnace at its facility in Belgium. The unit, which was temporarily idled earlier this year, will come back on stream in August. According to press reports, inventories at the Ghent facility have been depleted resulting in a decision to increase production at the plant. Confidence in the steel market is expected to grow in the New Year. Credit restrictions should ease and the European economy is likely to emerge from the recession. Steel selling figures are, therefore, forecast to move higher in EU Average Transaction Values, /tonne Forecast Range: Aug 2009 Jul 2010 Source: MEPS STEEL PRICES ON-LINE rld-p rice.htm 7/07 11/07 3/08 7/08 11 /08 3/09 7/09 11/09 3/10 7 /10

9 Euro/tonne p 9 TABLE 6. EU AVERAGE TRANSACTION PRICE FORECASTS Actual Forecast p by MEPS. No information contained in this report may be used or Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Hot Rolled Coil Hot Rolled Plate Cold Rolled Coil H.D. Galv Coil E.Z. Coated Coil Wire Rod M. Sect. & Beams Rebars Merchant Bar PRICE AND PRODUCT DEFINITIONS Wire Rod - Mesh Quality Medium Sections and Beams - H Beam Merchant Bar - Equal Angle Steel prices are computed from a weighted average (based on consumption) of the low values identified in the top five consuming countries for each product in the relevant period - collected in national currencies and converted into Euros using currency exchange rates effective at the start of each month to provide a basis for comparisons GERMANY FLAT-ROLLED PRODUCTS Transaction Prices, /tonne 7/07 11/07 3/08 7/08 11/08 3/09 7/09 HR Coil CR Coil HR Plate HD Galvanised GERMANY LONG PRODUCTS Transaction Prices, /tonne 7/07 11/07 3/08 7/08 11/08 3/09 7/09 Wire Rod (Drawing) Rebar M. Sections (I Beam) Merchant Bar

10 TABLE 7. p 10 Transaction Price Data Sheet NEGOTIATED TRANSACTION PRICES p by MEPS. No information contained in this report may be used or FLAT PRODUCTS EU AVG. Germany France Italy UK UK Spain price/tonne ( ) ( ) ( ) ( ) ( ) ( ) ( ) Hot Rolled Coil High: Hot Rolled Plates High: Cold Rolled Coil High: Hot Dipped High: Galvanised Coil Electro-Zinc High: Coated Coil Stainless Cold (a) High: * Rolled Type * Stainless Cold (a) High: * Rolled Type * LONG PRODUCTS EU AVG. Germany France Italy UK UK Spain price/tonne ( ) ( ) ( ) ( ) ( ) ( ) ( ) Wire Rod High: (Drawing quality) Wire Rod High: (Mesh quality) Medium Sections High: and Beams (I beam) Medium Sections High: and Beams (H beam) Reinforcing Bars High: Merchant Bars High: (50mm diameter) Merchant Bars High: (Equal Angle) Includes supplementary surcharge in the UK. Includes scrap surcharge in Germany, France and Italy.

11 TRANSACTION PRICE AND PRODUCT DEFINITIONS p CURRENCY EXCHANGE RATES July Units/ US$ Units/ Euro Eurozone ( ) UK ( ) NEXT MONTH S ISSUE MEPS do not carry out research on steel prices in August because of the difficulties in contacting respondents during Summer vacations. Moreover, very few deals are concluded during this period because of holidays. In next month s issue, we take the opportunity to review the trends over the past twelve months. The August issue of the will be dispatched by post & PDF on 20 August, The next Express Price Tables will be dispatched by in excel format on 10 September, p by MEPS. No information contained in this report may be used or TRANSACTION PRICE INDEX - E.U. AVERAGE JANUARY 1997 = 100 Based on Euro values Jun-2009 Jul-2009 Hot Rolled Coil Hot Rolled Plate Cold Rolled Coil H.D. Galvanised Coil Electro Zinc Coated Coil Stainless Steel Type Stainless Steel Type Wire Rod M. Sections & Beams Reinforcing Bar Merchant Bar Transactions prices are the realised values obtained by the mills for the cheapest grade of steel in the size range specified for each product. These are determined by adding the relevant size extras to the negotiated ex-mill basis price for the selected product. Transaction values relate to those paid by consumers and stockholders for prime material. The prices are for regular business between customers and their domestic steel mills, negotiated during the current month for delivery in the future. Delivery charges and local taxes are not included in the quoted prices. Contract deals arranged in the domestic market, or deals for lots of imported steel, are specifically excluded from our price evaluation. Hot-Rolled Wide Coil - 2-3mm thickness, width over 1.1 metres. Hot-Rolled Plates mm thickness, width over 2.0 metres. Cold-Rolled Coils - 1mm thickness, width over 1.3 metres. Hot Dipped Galvanised Coils - 1mm thickness, width over 1.1 metres, coating thickness 275gm/m² Electro-Zinc Coated Coils - 1mm thickness, width over 1.1 metres, standard coating. Stainless Type 304 and - 1.5mm thickness, width over 1.25 metres. - (excluding alloy surcharges). Wire Rod (Drawing Quality) - 5.5mm diameter. Wire Rod (Mesh Quality) mm diameter. Medium Sections and Beams - Category C1. I Beam. Medium Sections and Beams x 240mm H Beam. Reinforcing Bar (Deformed) mm diameter - high yield. Merchant Bar - 50mm diameter. Merchant Bar - 50 x 50mm x 6mm equal angle. Note:- Wire Rod (Drawing Quality) - 5.5mm diameter. Medium Sections and Beams - Category C1. I Beam. Merchant Bar - 50mm diameter. Stainless Steel - Excluding alloy surcharge.

12 MEPS REGULAR PUBLICATIONS EUROPEAN STEEL REVIEW SUPPLEMENT (monthly) A sister publication to the. The range of data is extended in this report. Price and market information is supplied for a further six nations, including - Denmark, Sweden, Finland, Holland, Austria and Norway. Euro comparisons are also included. Details of Nordic Average Steel Transaction Prices are incorporated together with regular forecasts. STAINLESS STEEL REVIEW (monthly) This publication provides stainless steel price and market information for hot rolled plate, hot and cold rolled strip, plus two bar products. Two austenitic and ferritic grades are assessed in thirteen countries around the world covering 65% of global consumption. Details of basis price negotiations and alloy surcharge values, where applicable, are incorporated. Transaction price forecasts are included. Estimates of alloy surcharges three months ahead are also included in each issue. p I wish to subscribe to the following publication(s). Supplement International Steel Stainless Steel Developing Markets Steel Multi-subscription discount rates available. Please contact our office or visit our website for furthur details. Please send to: Please Invoice: NAME NAME POSITION POSITION COMPANY COMPANY ADDRESS ADDRESS Tel No: Fax No: 12 ORDER FORM - MONTHLY PUBLICATIONS Tel No: Fax No: YOUR VAT NUMBER (EU COUNTRIES ONLY) p by MEPS. No information contained in this report may be used or INTERNATIONAL STEEL REVIEW (monthly) Each edition carries domestic steel pricing data in eleven countries across the globe, including - United States, Canada, China, Japan, South Korea, Taiwan, Poland, Czech/ Slovak Republics and the main five EU member states - covering 70 percent of world consumption. Details of World and Regional Average Steel Prices are incorporated together with regular forecasts. DEVELOPING MARKETS STEEL REVIEW (monthly) This is a new report from MEPS outlining steel market trends in the increasingly important emerging markets around the world. Each edition carries steel prices in eight countries - India, UAE, Turkey, South Africa, Russia, Ukraine, Mexico and Brazil. Details of eight steel prices in the flat and long products sectors are available. Comprehensive commentaries are included.