Are European price falls the steel market's canary in the coal mine?

摘要

Long product prices moved variably this month, with a mix of falls and increases. US prices continued to move higher in October due to the ongoing strength in demand from the construction industry, while prices in India were propelled by restocking activity and high raw material costs. Chinese prices have also risen, supported by supply restrictions and stockpiling ahead of the National holidays, as well as market concerns around continued tightness over the next few months.