In the week ending January xx, the price of Steel Plate across the European market showed a static trend across the European market as the demand from the downstream automotive and infrastructural development sector remained flat. The European mills have now pushed for the production of Green Steel, but the absence of effective regulation and a uniform approach is constraining the level of purchasing interest in such materials. Furthermore, the German Rail strike by the local GDL train drivers&#xx; union has impacted the metal trading including the Steel Plate export rate. The import of Steel-based products was already higher since the end of the last quarter of xxxx.
The supply of Steel Plate in the European spot market has been on a higher edge as the local manufacturers and import rate showed an inclining price trend. ArcelorMittal, the major manufacturer of Steel Plates has boosted its...
