Archive for November 15th, 2007
EU Steel prices under pressure, but recovery expected
EU flat products producers are more optimistic for the first quarter of next year, hoping that escalating raw material costs will help to boost market prices. Underlying demand appears to remain quite strong. So much will depend on third country import pressure. There are some positive indications for local mills. Chinese export prices are rising. [...]
Posted: November 15th, 2007 under Steel News.
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German Steel prices, hot rolled coil
This year’s MEPS German Hot Rolled Coil average price is forecast to be 10 percent above the 2006 figure. This will be a new record high and the first time the annual value will top €500 per tonne. Over the course of 2008 the figure is predicted to move up another 2.5 percent to above [...]
Posted: November 15th, 2007 under Steel News.
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