The Fitch Ratings rating agency has provided a disappointing forecast for the European steel product market. The fall in the prices for metal rubles in the European Union that began in the first half of 2012, according to the agency, will continue until the end of the year.
As indicated in the new report on the European market, against the background of the general fall in the economy, the demand for metal rolling will continue to decline. Companies that have not entered into groups with their own raw material base will especially suffer from high costs for raw materials and low steel prices.
Summing up, the Fitch Ratings emphasized that the manufacturers of the metal rolling today are not able to dictate the growing policy of perceptions with poor demand for metal and common weak economic conditions in European countries.
Source: mstroy.in.ua
There are no prospects for increasing steel prices in Europe - Fitch Ratings
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Azovpromstal® 18 July 2012 г. 00:01 |
