In the UK, rising steel prices due to the weakening pound
Manufacturing activity in Britain fell sharply in March as a result of government measures to slow the spread of the coronavirus. Some steel service centers continue to operate with reduced staff, in accordance with official recommendations for social distancing.
against the background of devaluation of the national currency in the country rose flat rental, armature, katanka and stopped falling prices for flat-rolled products, noted in the British Agency MEPS.
"Buyers are cautious when placing forward orders because they are unable to judge the extent of future demand or supply," - said the Agency.
While many British steel service centers remain open, buying activity is reduced because customers in the sectors of household goods and vehicle manufacturers are under quarantine.
In March the volume of construction in the UK in the sectors of construction and infrastructure has fallen significantly. Currently, despite the fact that many construction sites were allowed to work, they remain closed.
the Agency noted the continued growth of stocks of steel products in ports, which puts pressure on prices.