The price of stainless steel pipe and raw materials, HRC, is likely to increase again in the third quarter of 2011 after a fall in the second quarter as demand increases, the head of a leading Italian steel group said.
"I expect that prices have hit bottom and begin to rebound slightly in the third quarter, I think the prices to rise 20 to 30 euros (per tonne of hot rolled coils)," Antonio Marcegaglia, President and CEO of the Italian Marcegaglia steel processor, said on Wednesday.
"This is because the fundamentals are coming back, coming back to Japan and China to develop a housing plan," Marcegaglia told Reuters on the Metal Bulletin conference of stainless steel tube.
The price of the tubes and other steel products ultimately hope to exceed an expected rise in commodity prices, he added without giving more accurate predictions.
Global demand for steel in Europe is expected to increase 5.2 percent this year after an increase of 4.0 to 4.5 percent in 2010, Marcegaglia said, referring to predictions of the industry body European Eurofer.
The demand for steel, which includes the build up of stocks expected to rise to 6.0 percent, while nearly 19 percent jump in 2010, powered by a stock reconstruction after the 2009 recession, when the industry was hit hard the global economic stainless steel fittings crisis, he said.
"I think it might be a little better," he said referring to the demand for steel from 2011 forecasts Eurofer.
"This year, real consumption and apparently more online," he said.
Steel demand in Italy is expected to increase 9 percent this year as major players, including Marcegaglia, the plan to stimulate the production and use more steel, he said.
Marcegaglia group wants to increase its production of welded 2.4 million tonnes at the end of 2012 to 1.5 million tonnes Boiler Tube in 2010 due to increased production in Italy, China and Brazil, has said.
Overall, demand for steel in Italy and the rest of Europe is mainly driven by engineering, machinery and equipment as well as the automotive industry. Construction has remained weak, particularly in southern Europe, said Marcegaglia.
Automobile production in Europe is expected to increase 5 percent this year and 2.5 percent in 2012, helping to boost demand for Stainless Steel Sheet, said Arthur Mahler, JD head of automotive forecasting conference European.

"Apart from a few stainless steel fittings scratches and bends, when the last time it was stolen, was in great shape," Foster said. "The staff loved it. Kids loved it".
About two years after the stainless steel structure play was stolen, J. Puddleduck Pre-School again shaken by the theft of his play equipment.
Linda Foster, senior coordinator for kindergarten on the corner of Ryan and the back roads, they think about nine feet in stainless steel tube was cut into pieces, and some may have been Saturday morning and again Sunday morning.
The Gestionnaire de l'appartement dans la rue those pouvait pas voir la Cour de Recreation stainless steel pipe, a entendu et de bruit corn to provide the deposed one plainte concernant bruit SI tot le matin s'est arrêté When, at-elle expliqué.
I pezzi di Alcuni ladri lasciato attrezzature, ha detto.
"They left behind some of the tunnels, but we had moved so they could not take it in its entirety," said Foster, who was warned by an employee on Sunday morning. "I guess they came back to get the piece we have moved. I do not know if they noticed he was gone or not. "
J Puddleduck Pre-School in Tunnel eu ce de près de 25 ans.
The structure also requires no maintenance.
"Beyond a few stainless steel tube and the curves of the last time it was stolen, was in very good condition," said Foster. "The staff loved it. The kids loved it."
"Abbiamo sorta di firma del dispositivo", ha detto Foster. "Valev la pena he suo peso oro in a noi. Ho dovuto prendere a giù di legno Alpinista è l'ultimo paio di mesi, Perched mid sembrava di wear my questo è che a tubo metallico avevamo avuto per 25 anni. E 'una Meravigliosa cosa per i bambini, potrebbe essere una che ... Navicella spaziale Ispir the immaginazione. "
The nursery has recently built a new garage and staff, including the tunnel would not be able to be removed the same way it was in April 2008, but this was cut into pieces and some pieces Industrial Pipe were taken, said Foster.

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