Mills’ margins further squeezed as bearish sentiment persists

摘要

Steel markets continued to fall last week with the most drasticmovements seen in the European coil market, where import pressureand the rumoured low offer prices of south European mills continued toweigh on price sentiment.The Platts assessed north European hot rolled coil price fell by?10/metric ton week-on-week as the flat products arena remained verymuch a buyers’ market. Import pressure from China and Brazil wascombining to force mills to lower offer levels and putting extremepressure on margins.