Euro Steelmakers Defy Sluggish Market With Bold Price Hike ...Middle East

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Euro Steelmakers Defy Sluggish Market With Bold Price Hike
source : OILPRICE ( Middle East ) () 37
Via Metal Miner Steelmakers in Northwestern Europe are seeking an increase of €20 ($20) per metric ton on hot rolled coil. Market sources told MetalMiner that the hike in steel prices comes despite subdued demand for the flat rolled product going into September. “I think that they are trying to push up prices against input prices,” one source said. Mills are reportedly seeking €650-670 ($695-720) per metric ton EXW for HRC for November rolling and December delivery. This is up significantly from the €630-650 ($675-695)…

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