Archive for July 10th, 2008
European steel strip prices
The prices for steel strip in Europe continue to rise, despite a lack of demand. The European hot dip galvanized coil market has entered volatile territory, with prices continuing to rise, while demand remains weak and few bookings are made.
Buyers are very nervous about buying forward, with weak order books and worries about cash flow.
We [...]
Posted: July 10th, 2008 under Steel, Steel Prices, steel strip.
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German industry joins forces to attack steelmakers
Germany’s biggest steel consumers banded together on Wednesday to send a warning to producers that high prices are driving a dangerous wedge between them.
"In the past, the partner-like relationship between our members and the steel industry was an element of our mutual success," a group of seven German industry associations said in a joint statement.
"This [...]
Posted: July 10th, 2008 under Manufacturing News, Steel Comment, Steel News, Steel Prices, steel strip.
Comments: 2