North American steel at 2-year highs; not true in China and Europe

Commodities , Europe , Metals , Steel , USA Jul 24, 2014 No Comments

SteelSteel prices in Asia and Europe are at around 4-1/2 year lows, partly thanks to falling raw material costs like iron ore, but also oversupply built up since the 2008 financial crisis.

However, in North America, prices are near two-year highs, helped by firm U.S. economic growth and a more measured 0.9 percent rise in steel output in the first half, the World Steel Association data showed.

Via Global steel output near record in June on better economic outlook – Reuters

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

Leave a Reply

Your email address will not be published. Required fields are marked *