Shortages Providing A Boost For EU Steelmakers

MEPS News -- There has been much pained wailing from European steel producers over the last few months about the surge in raw material and other input costs that they are having to face. It is true that this dramatic increase is unprecedented. But evidence is now emerging to indicate the mills’ counter-strategy is working: they are succeeding in passing their higher costs on to customers. A few European steel producers have announced financial results for the first quarter of this year, and these show improved performances. More>>