08
Sep
15:44
Northwest European coil market approves production cuts
A reduction in working hours and closures of key facilities at major European mills could be a move welcomed by the wider market. Until recently, various players suggested output cuts would be best to synchronise sluggish demand and supply.
“Apparently, the mills have not yet succeeded in bringing output into balance with demand, although they have taken good measures to cut production seriously,” a Dutch manager observes. A German manager concurs that…
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Anonymous
Very good overview of the weekly steel market.
Anonymous