Providing accurate and timely data, commentary and forecasts empowers companies to make strategic decisions that will determine their profits and shape their success.
In challenging economic conditions, MEPS can provide steel buyers with the tools they need to negotiate when margins are tight and profits are slim.
MEPS International Head of Pricing Kaye Ayoub said: “Many of the markets we assess around the world are experiencing economic downturn, which is limiting demand.
“This is a market with tight margins, which puts more pressure on businesses to buy and sell materials at the right price.
“Access to MEPS International steel prices, indices and forecasts provides all the information businesses need to make key decisions.”
45 Years of Insight
Accurate and actionable steel price data will allow businesses to:
- Discuss competitive advantage, whether buying or selling.
- Anticipate and plan for potential disruptions, minimizing losses.
- Identify and target possible business growth opportunities.
Next year MEPS International will celebrate 45 years of providing steel price information.
The business was built on the basis of direct contacts with reliable contacts in the steel market around the world. This process continues to underpin the insights it provides to clients.
MEPS pricing methodology provides accurate data that more than 5,000 companies trust to make steel purchasing decisions, helping them negotiate prices and gain competitive advantage. This includes 50 of the Fortune Global 500.
Cost-effective and flexible MEPS subscriptions give businesses the ability to tailor the level of data they want to access using a variety of options.
The core of MEPS's offering is six steel market reports, which provide steel product prices, forecasts and market commentary from 28 countries on five continents. Raw materials are covered by their own monthly report.
MEPS also provides raw price data directly to its customers, as well as regional average steel prices through its online customer portal.
Market Outlook
Next month will also see the release of the annual MEPS Steel Price Outlook, a detailed report containing five-year forecasts for flat and long steel prices in Europe, North America and Asia.
Businesses looking to model their plans with an immediate or long-term market perspective can benefit from obtaining data from MEPS. With the new year approaching, now is the perfect time to embrace this knowledge, Ayub said.
“We have a wealth of steel industry knowledge from both our team at MEPS and our highly valued industry sources,” she said.
“Understanding how competitive this sector is and what businesses need to succeed is part of our DNA. As uncertain as the market is currently, our data and insight will ensure our subscribers are well prepared for a successful 2024.”
For more information about MEPS International and how its understanding of the steel market can benefit your business, contact the Customer Service team.
