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Market Monitor - EU - WEEK 24 - Uneventful period- 21 Jun 11

Steel markets in Europe remained un eventful last week with only minor changes reported for some products at few locations.
Spanish market continues in a very depressed mood with prices basically showing a flat trend and demand being still extremely lower than pre crisis levels.
Domestic producers are keeping prices quite low avoiding any substantial importation that, on the other hand, is extremely unlikely due to low demanded quantities.
Real estate sector, that was the main factor of economy development, is still in a deep crisis affecting all activities.

( Source: www.steelguru.com )

Jun 21, 2011 08:07
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