German rolled steel prices down 3.5% year-on-year in October

The index of producer prices for rolled steel fell by 3.5% year-on-year in October 2012, according to data released by German statistical agency Destatis on Tuesday November 20.

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Seamless pipe producer prices were down by 5.4% year-on-year in the month, while those for pig iron, crude steel, rolled steel and ferro-alloys fell by 3.3% year-on-year, compared with levels recorded for October 2011.

Total producer prices for all metals fell by 0.7% year-on-year, compared with the corresponding month in 2011.

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