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Steel Prices Set to Fall
Added Time:[2010/5/31 11:27:03]


   LONDON—Analysts are turning gloomy on the European steel industry, saying Europe's economic problems and a slowdown in buying from big customers will cut into demand and push down prices.At the start of the year, 2010 was hailed as the year of recovery for steel demand. Now that is being pushed to 2011.Some companies warn that output is already outstripping demand. Restocking at the start of the year by distributors that sell to car companies and construction firms enabled mills to quickly ramp up production. That buying is now waning as the seasonally slow summer months in Europe approach ...