EU LONG STEEL OUTLOOK: November prices to remain stable despite weaker demand

Finished long steel prices in Europe are expected to remain largely stable in November, although end-user demand is likely to weaken over the course of the month, according to market participants.

Domestic offer prices from European steel mills are likely to remain relatively unchanged, supported by rising costs for graphite electrodes, refractory materials and ferro-alloys in recent months. “We expect end-user demand in November to be a bit weaker than in October,” a trader in Southern Europe said on Wednesday November 1, “but mills are trying to pull the price up, so we don’t think the price will move much over the next few weeks.” Mills in Southern...

Published

Viral Shah

November 02, 2017

20:27 GMT

London