German Steel mills reduces prices in an effort to maintain output

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European steel prices for flat and long products continue to plummet due to end-of-year stock considerations and the seasonal slowdown in activity, said MEPS International.

In December’s release of the European Steel Review, MEPS reports that German steel mills have reduced prices in an effort to maintain output. European buyers have secured spot deals at competitive resale values as manufacturers sell excess stock to minimise end-of-year inventories.

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