After more than three weeks, the price hikes announced by some European coil mills do not yet seem to be confirmed at the buyer’s end of the market.
Sceptics express “big doubts” that price hike announcements will really prevail. “Of course, mills have rising costs, but buyers are watching rising inflation, too, and many projects are being slowed down, if not stopped altogether,” Kallanish hears from a Dutch manager.
A buyer in Austr…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.