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Steel prices to stay low for next 3 to 4 years

Low steel prices will remain for the next 3 to 4 years due to oversupply of 450 million tons in steel market, most of it comes from China, said Rafael Rubio, general director of Latin America Steel Institute (Alacero). According ...

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Falling steel prices not enough to change stable outlook for European steelmakers

low steel prices will hurt profitability, particularly for steelmakers with large US exposure however, volumes output continue to be supported by strong and growing demand from the European car and construction industries, which together account for more than half of ...

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