Steel Prices Stall As European Economies Slow ...Middle East

Via Metal Miner   Market sources report that hot rolled coil steel prices in northern and southern Europe continued to decline in recent weeks due to slowing economies in Europe as well as overcapacity. “I’m a little scared about Germany,” one trader told MetalMiner, referring to that country’s current economic situation. Germany’s economy is the largest in the European Union (EU), but projections state the country will grow just 0.2% in 2024. This is a significant decline from an earlier outlook of 1.3%. It’s…

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