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Steel is an alloy of iron and other elements, mainly carbon. Steel is one of the worlds most important materials used in construction, cars and all sorts of machines and appliances. By far the biggest producer of crude steel is China, followed by European Union, Japan, United States, India, Russia and South Korea.
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Steel (Europe) Price Outlook European steel prices continued to lose ground in recent weeks, weighed down by weak data on manufacturing activity in China, Europe and in the U.S. and protracted global trade tensions. Hot-rolled coil European steel traded at USD 510 per metric ton on 4 October, which was 3.4% lower than on the same day last month.
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