Archive for May, 2009
Steel market has reached the bottom but no recovery in sight!
With heavy production cuts across the board the world’s steel industry is trying to get out of the worst slump in decades. De-stocking is still a priority for whole-sellers and traders in most markets. In general terms there are really very few signs of a recovery. In our view the current situation points to quite stable prices in the coming 6-9 months.
