Struggling Tungsten Indicates Poor Outlook for EU Industry

Reuters reported that prices for ferro-tungsten have fallen at lowest since 2010, and traders are blaming Europe’s ailing steel industry for it.

As quoted in the market news:

Steel demand is likely to slide further this year in Europe before a mild rebound takes hold in 2014, though it will remain well below pre-crisis levels, steel industry body Eurofer said last month.

Click here to read the full Reuters report.