Lose lose: How a legacy pricing mechanism lets down Europe’s steel buyers and sellers
After a pre-pandemic boon, running a steel mill in Europe is once again becoming increasingly challenging. Headwinds include an automotive sector that has ground to a halt; environmental and decarbonisation pressures; high energy and labour costs; and soaring raw material costs driven by a more dynamic Chinese steel market.
But an increasingly antiquated and not fit for purpose pricing mechanism is compounding problems. In this White Paper, Argus argues that the time has come to embrace a new way of pricing that would benefit both mills and their customers.
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About Argus Media
As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such as supply and demand dynamics, price trends, trading activity, and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered firsthand from the market.