Low Inventories and Rising Costs Fuel Steel Price Jump in the EU ...Middle East

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Low Inventories and Rising Costs Fuel Steel Price Jump in the EU
source : OILPRICE ( Middle East ) () 80
Steelmakers in Europe are seeing a large jump in hot rolled coil prices as people start to return to work from their summer holidays, which could have significant implications for the steel industry. “Stocks are low,” one source said about inventories for the flat rolled product held by both stockists and end-users. Mills are currently offering €590-600 ($690-700) per metric tonne EXW for production and delivery in autumn, up from the €540-550 ($630-640) sought in the last week of August. Another source stated that steelmakers…

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