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Prices of European Steel Products Rises in September

GALWAY, IRELAND--September 28, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--A recent report from steel industry analysts MEPS International Limited (Sheffield, England) reveals a rise in the transaction prices of steel products across Europe in September. The price rise has been mainly attributed to the shortfall in supply, as most of the steel production units in the region reduced capacities because of poor demand and the global economic slowdown. Steel production capacities were down more than 50% in mid-2009, while steel consumption during the last year declined about 35%.

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Industry Segment: Metals & Minerals
Word Count: 477 Words

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