Steel mills selling 'below cost' in Northern European long steel markets

An almost-complete absence of demand in the Northern European steel rebar and wire rod markets continued to weigh on sentiment in the week ended Wednesday September 20, Fastmarkets heard.

Customers remained resistant to restocking significant tonnages because they expected further price declines.
Mills asserted, however, that further price drops were not feasible because it would mean selling below cost.


India-Inés Levy

September 21, 2023

14:08 GMT