Europe is waiting for a decrease in steel price

According to the analyst at Macquarie Group, Jeff Larjarge, structural problems in the European steel industry must be solved immediately in order to ensure the development of the industry.

Larjarge said that an excess sentence was and remains a "serious problem." In addition, he argues that the reason for the lack of restoration of the European steel industry is associated with internal circumstances. He said that "at the moment, Europe is probably capable of producing 200 million tons of raw steel. While demand is operating in the range from 150 to 160 tons. Thus, any prices are possible only for limited juice, killing any prospects for a long race."

Larjarge added that some manufacturers have rested on the laurels, waiting for an improvement in macro indicators that help increase steel prices. But according to analysts forecasts, a significant increase in prices looks unlikely. Jeff Larjarge, the head of research in the metallurgical and mining sphere in the Macquarie Group, said that excess proposals is the main structural problem in the global steel industry.

He also said: "We expect that the HRC price in Germany will fall in the third quarter of 2013 compared to the same quarter of last year to a level of $ 610 per ton with a prospect of restoration of $ 630 per ton in the fourth quarter of this year."