On June 12-13, Kallanish Europe Steel Markets will hold its annual conference in Milan, Italy, to discuss the global outlook for the steel industry in 2024.
The conference will focus on current investments to comply with strict European environmental regulations, including the recently introduced CBAM import carbon adjustment mechanism, as well as steel price trends, end-user demand and trade patterns.
Steelmakers are currently experiencing lower profitability due to higher than expected raw material costs and lower steel prices than in 2021-2022. After a decline in steel demand in European markets in 2023, it is expected to grow in the second half of 2024. Interest rates are likely to have peaked and their potential decline could boost European GDP growth and, consequently, steel demand.
In 2024, Europe may also reach an agreement on its trade relations with the United States.
GMK Center is a media partner of the conference.
You can register for the event by link.
One of the challenges for the Ukrainian steel and mining industry is the shortage of…
The European Commission (EC) has approved €400 million in state aid to Spain for the…
The transition to direct reduced iron (DRI) steelmaking technologies based on clean hydrogen and carbon…
Spot offers for Mn 65% silicomanganese in China fell by $6/t from April 14 to…
South Korean giants POSCO Holdings Inc. and Hyundai Motor Group are joining forces to implement…
The Interdepartmental Commission on International Trade (ICIT) initiated an anti-dumping investigation into imports of coated…