Steel prices fell in June, according to independent steel consultancy firm
MEPS. The drop in prices, caused by falling raw material costs and a flood of
imports due to the weak global economy, has put downward pressure on already
flat US
steel prices.
Ferro-tungsten prices fell over 3 percent in Europe
compared to last week following a reverse tender internet auction that knocked
$2.25/kg off the metal’s price. The European economy and summer slowdown have
been putting a damper on ferro-tungsten prices.
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