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.