European strip prices likely to fall in '06
Dec 14, 2005 | 04:03 PM
| Bianca Markram
European strip product prices are likely to fall by 5 to 10 euros ($6 to $12) per tonne at the start of 2006 as some major mills still have stockpiles and consumers remain reluctant to buy large volumes, according to market participants.
European producers have flagged a 15- to 30-euro ($18 to $36) price increase for the first quarter, but participants don't see the increases as achievable targets.
"At most we will manage a rollover (in the first quarter)," a British representative of a German producer said. "But one thing is sure, an increase (in the first quarter) is not at all possible. We realized that early on (in the fourth quarter) in the U.K., but it seems the continent has now cottoned on to this as well."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here