Steel Prices Stagnate Despite Energy Prices Weighing On Production

Via AG Metal Miner   Hot rolled coil steel prices in Western Europe remain largely unchanged since early September. However, as various market participants told MetalMiner, this is despite attempts by at least one steelmaker to increase them According to our sources, multiple factors continue to suppress demand for flat rolled products. These include a slowdown of public works programs throughout Europe. Another culprit being rapidly-rising energy prices and lower consumer purchases in the face of economic uncertainty. Recently, high stock…