29
Oct
13:29
EU prices to bottom in fourth quarter: Marcegaglia
Marcegaglia chief executive Antonio Marcegaglia believes the bottom of the current cycle for steel prices and margins in Europe will be reached in the fourth quarter. A recovery should be seen from the beginning of 2020.
The executive believes current prices in Europe are clearly not sustainable and the market is highly affected by negative sentiment. He expects apparent demand to catch up with real demand from the beginning of next year.
In addition, Marcega…
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Anonymous
Very good overview of the weekly steel market.
Anonymous