EU Steel Prices still under pressure but nearing the bottom

A great number of market players are strongly critical of the size of the current EU mill production cuts. They consider that they are insufficient to bring order back into the marketplace. Producers have failed to announce new prices for second quarter deliveries. It seems that the traditional mode of monthly or quarterly pricing no longer exists. Customers continue to purchase the absolute minimum and, wherever possible, from local or imported stocks. Therefore…more at MEPS