Most of the major European steel companies are back in profit after a revival in steel prices in 2016
Most of the major European steel companies are back in profit after a revival in steel prices in 2016, in fact the annual contracts of the major steel company for 2017 were set at levels 70% higher than for 2016.
The sector is waiting for the release of the January import figures to see if the official figures reflect the widely held speculation that import activity has been more muted.
2017 seems perfect to realize potential intensive mergers and acquisitions among important steel companies, furthermore the total EU imports may begin to decline in the January numbers, and it is expected a drop sharply throughout the year with the last arrivals expected for April.
The post 2017 prevision of European steel industry appeared first on Engineering Machining.