Steel plate market in Europe maintains weakness
Due to dull purchasing activity and harsh competition in the market, the plate market in Northern Europe remains weak.
Due to market stocks in high levels and lower offer from other regions, buyers do not think the price is being acceptable. Some of the steel factories claim that currently the sales pressure is not so much for them, because the rest of their capacity could be consumed by infrastructure projects.
A Dutch distributor said that the prices should be still in the downtrend over a short period. However, market price could bounce after the summer when traders start to fill their stocks.
