ThyssenKrupp says steel price trend looks intact

Newswire

BOCHUM, Germany, Jan 21 (Reuters) - Germany's largest steel producer ThyssenKrupp expects steel prices to continue to rise in the current year, the company said on Friday. "The trend is towards higher prices," a spokesman for Thyssen said on the sidelines of the company's annual general meeting in Bochum. He cited price hike announcements from Asian steel producers as an indication of the intact trend, adding that higher steel prices were also necessary due to the sharp rise in raw ...

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