EU flat steel prices remain weak – MEPS

Metals , Steel Oct 25, 2010 No Comments

Negative pressure persists in the European flat products market. Having recently brought more capacity back on line, domestic mills are now suffering from a lack of orders, since end-user demand remains weak in many sectors. Under these circumstances, distributors refuse to rebuild stocks. This has led to further discounting this month.

The weakening US dollar has also made third country imports of commodity grade material more competitive, although the longer delivery lead times are still problematic in today’s rapidly changing climate.

via Steel Price News, Steel news, EU steel prices, Steel Industry news, Free steel news, Steel news, Steel news alerts.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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