European market participants for sectional steel expect demand to rise in the short term, while prices remained stable at a high level on February 24. This is reported by spglobal.com.
EU rolling mill expects further increase in demand
Currently, prices for European medium sections remained stable compared to the previous week.
A source from a European rolling mill told SP Global, that demand is expected to pick up in the near future. Which may also result in a price increase.
Scrap price development will determine future prices
The source noted that the market needs to watch what happens to international scrap prices before getting clarity on future prices.
Further, SP reports that Turkish scrap import prices rose for another consecutive day amid strong workable values.
Source: spglobal.com
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