It is reported that in general steel customers in Europe are buying what only strictly needed with demand remaining quite weak although steel mills have gone for major hike in this month.

Financing problems are becoming more and more important with defaulted payments becoming an unfortunate rule.

Credit crunch is becoming deeper with many companies debating between payment defaults and cash flow problems.

As during 2009 - 2011 many producers are again considering closing and cutting down production due to weak demand and negative income.

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(Sourced from www.steelprices-europe.com)