the world's lowest profit margins of steel prices Europe

Eurofer relevant responsible person said, the European steel prices this year can be achieved profit margins of up to 4%, which is the world's lowest level. The official said that steel prices in Europe in 2007 - the profit margins during 2008 at about 7% -8%, then gradually decline. In contrast, South America's steel industry profit margins can reach 17%.

Comment: the narrow profit margins of steel prices in Europe because of a considerable part of the national economic development almost stagnant, is still in the recovery in 2008 after the global financial crisis. Coupled with the high cost of labor. Also steel prices in Europe compared to other areas also need to face the steel industry more stringent environmental regulations.