Flat product price weakness persists in both the north and south of Europe. Spot business is slow amidst a reluctance to commit to forward transactions for third quarter business. Inventories at distributors and OEMs remain relatively high. Large volume orders were placed at the turn of the year, in anticipation of price rises. The material has now been delivered or, in some instances, is still arriving, inflating already bloated stocks.
展开▼
