28
Jul
10:27
Inflation slows demand, gas shortages threaten Europe: ArcelorMittal
ArcelorMittal says building inflationary pressure is hampering consumer and business confidence, leading to a slowdown in real demand, which has been exacerbated by destocking activity. Potential energy supply restrictions present a clear but still uncertain risk to European economic activity.
The slowdown has resulted in apparent demand falling below real demand levels, with customers in wait-and-see mode ahead of a seasonally weak Q3. Steel prices have meanwhile…
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Anonymous
Very good overview of the weekly steel market.
Anonymous