Sky-high European steel prices on borrowed time

Sky-high European steel prices on borrowed time

After soaring towards the tail end of 2020, steel prices in Europe have eased back in recent months. And we think that prices will fall much further over the next couple of years, as a combination of healthy profit margins and low inventories continue to underpin a rise in steel production across the region. In view of the wider interest, we are also sending this Metals Focus to clients of our Commodities Overview service.
Kieran Clancy Commodities Economist
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