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European steel industry: disapproval of iron ore manufacturers plan to increase prices by 80% to 90%
Date：2019-05-28 19:53:20 Viewing Count：
Eurofer said on the 11th that it is indignant that the iron ore producers plan to increase the price by 80%-90%, saying that the price increase will slow down the European economic recovery process.
Comprehensive foreign news reported on March 11, the European Union of Iron and Steel (Eurofer) said on the 11th that the iron ore producers plan to increase the price of 80%-90% expressed indignation, and warned that the price increase will slow down the European economic recovery process, and even lead to economic recession again decline.
Eurofer issued a statement saying that such a large price increase will have a significant impact on steel prices and impact on the entire manufacturing and construction value chain, and will ultimately affect European consumers.
Eurofer includes ArcelorMittal, ThyssenKrupp AG, the world's largest steel manufacturer, Corus, a European subsidiary of India-based TataSteel Ltd., and other large steel manufacturing companies.
Iron ore producers are currently negotiating with Asian customers for annual iron ore benchmark prices.
Iron ore is the main raw material used in steel making.