Negative sentiment сontinues to suppress European steel prices

The success of price hikes, by European steel producers, is muted. Mill profit margins are unsustainably low, as a result of rising input expenditure. Iron ore costs continue to soar, and those for coking coal remain at an elevated level. Moreover, European steelmakers are battling with increased outlay associated with CO2 emissions. The imperative for steel producers to lift selling values is becoming more acute.

Read more at Negative Sentiment Continues to Suppress European Steel Prices.

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