Klöckner expects stable steel prices in Europe, USA until end of year

German metals distributor Klöckner, which operates in both Europe and the USA, expects European steel prices to stay high and US prices to stabilise in the fourth quarter of 2017.

“Prices in Europe moved upwards at the beginning of the fourth quarter of 2017 and ought to stabilise at this level until the end of the year,” Klöckner said on Wednesday October 25.

Metal Bulletin’s price assessment for domestic hot rolled coil (HRC) in Northern Europe reached €530-540 ($623-635) per tonne ex-works Northern...


Marina Shulga

October 25, 2017

22:08 GMT