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Lower demand coupled with decreasing sales prices and higher prices for iron ore have led to deteriorating margins of steel producers and distributors.
Competitive price pressure has led to deteriorationg profit margins for steel producers as well as steel and metals distributors over the past 12 months.
Ireland’s highly open economy is cooling off and demand in export markets is set to remain weak while the domestic economy faces increasing capacity constraints and lower government spending.
In Italy, business insolvencies are expected to increase in 2019, by about 4%. This is due to economic stagnation, increased political uncertainty and tighter credit conditions.
GDP growth in the Netherlands is expected to slow to 1.7% in 2019. After several years of sharp decreases in insolvencies, this year is likely to mark a turning point.