As a result of a sharp drop in the steel market, we reach reports from manufacturers about production constraints and price increases. It is warned that making arrangements for a longer period of time is not possible due to the uncertain market situation and that existing existing agreements may not escape price adjustments. In addition to price speculation in the market of raw materials due to an uncertain market situation, this is also the basis of the overcrowded demand in China and the elimination of export-promoting subsidies.
Overview developments steel prices: Eurofer
From colleague wholesalers we have already received the first notifications regarding price adjustments in addition to the recently introduced price increase.
As you are accustomed to us, we closely monitor the development and do not calculate any price increase immediately when it occurs. However, when this price level is structurally fixed we are obliged to follow.