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European coil prices bottomed steel price increases as low as imminent
European coil prices bottomed steel price increases as low as imminent
With last week's European coil prices fell to lows, European mills to seek price increases in order to improve profitability.
Last week fell to the lowest ex-factory price of hot rolled Nordic 440 / t for February 2010, the lowest level since; Southern minimum of 420 euro / ton. It is said that as early as the beginning of ThyssenKrupp had tried to raise prices, but the southern and eastern Europe and other low-priced imports of resources to enable price increase plan difficult to make the trip. Last Friday, led by ArcelorMittal integrated steelworks seek price increases 20 euros / tonne, although the customer is very much to resist, but due to the current steel prices had bottomed steel a very difficult situation, price increases seem potential in inevitable.
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