07
Mar
15:07
German steel users groaning under price hikes
The extent of the surge in steel prices seen since late last year has caught many German steel consumers by surprise. This is according to consumer federation WSM, which represents an industry of over 4,000 mostly small and medium-sized companies.
These firms normally calculate with a material cost share of 60%, “…and have been hit by a full blow,” say WSM managing director Christian Vietmeyer. “This is a threat not only to profits, but …
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Anonymous
Very good overview of the weekly steel market.
Anonymous