European steel wire makers cut domestic prices
It’s reported that the European steel wire makers cut the domestic prices by €5/ton for December production recently to activate the purchase activity.
In fact, the European steel wire market has remained slack recently due to sluggish demand from construction sectors.
Industry sources indicated that the European steel wire manufacturers worried that the inventory has raise in the near future since the purchase volume are very low recently.
News Date 25 Nov 2011 13:37:42 reported by Wendy