Prices in the domestic market have been stable due to largely unchanged import offers and resistance among end-users to a price rise, according to market sources.
The outlook on further price changes has been mixed in Northern Europe, with buyers continuing to resist increases.
The region’s mills have been targeting a price rise of €30 ($34) per tonne, but that has not been reflected in higher transaction prices.
“End-users see that distributors can give minor discounts, so they are not ready to pay more for processed steel. Therefore, the distributors are...