19
May
16:15
Coil price downturn likely to continue in Europe
The massive deterioration of coil prices in northwestern Europe seen in the first half of May will not be bottoming out this month, observers in the region believe.
A toxic combination of continued lack of industrial demand and import offers at extremely low prices has hot rolled coil prices from EU mills falling under the €800/tonne ($863) threshold they have exceeded since March. A source at one such mill tells Kallanish of a sale done at €820/t in the…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous