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Struggling Tungsten Indicates Poor Outlook for EU Industry
Mar. 16, 2013 12:14AM PST
Critical Minerals InvestingReuters reported that prices for ferro-tungsten have fallen at lowest since 2010, and traders are blaming Europe’s ailing steel industry for it.
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.