29
Nov
17:01
European galvanized coil could face overcapacity
With the start-up of two new German hot-dip galvanizing lines with a joint capacity of more than 1 million tonnes/year, the galv market might see some overcapacity next year.
“That is a question we all are wondering about,” an Austrian buyer of coil says. Any effect on market supply and prices will not be felt until sometime next year, though, he believes, adding: “We [already] have some oversupply anyway.”
A Swiss source states that he ca…
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Anonymous
Very good overview of the weekly steel market.
Anonymous