European steel shares sink on price fall fears

European steel shares sink on price fall fears“Investors sold European steel makers’ shares on Wednesday following warnings that rocketing prices may have peaked and concerns that demand from China may not be as insatiable as previously thought.

Steel and other metal stocks led fallers with the sector down 2.7 percent versus a 1 percent decline in the FTSEurofirst 300 index of European blue chips. “

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