Chapter 3 Europe

摘要

Sentiment has worsened further in the Eurozone over the past three months. Though European apparent plate consumption has recovered somewhat over the first half of the year, this has been on the basis of some increase in stock, not better underlying demand. Eurozone industrial production is forecast to remain weak for the rest of the year and, as this is also a seasonally slower period, plate demand is set to fall. As a result, German plate prices are set to decline to reach a quarterly average of 602 euros/tonne in Q4.