Global Market - Opinions

This bubble is huge

Сonstruction activity in the EU is relatively stable and requires the same volumes of steel as a year earlier

In the 2Q, HRC imports averaged 0.75 million tons per month, in the 1Q – 0.5 million tons per month

Disruptions in supply chain are not the main problem now. War worsens current economic situation globally

Panic is at the raw materials and metal markets

CBAM was just the beginning of a new trend

In June, steel prices made back to pre-war levels

Voluntary exclusion of Russian products from the supply chain of companies can be more significant than country-level sanctions

The freight rates and insurance premiums for voyages to/from Ukrainian ports could be increased

At the end of the year, quotations of steel rolled products may fall by 30% of their current levels

The leader is out of the running for the number one producer. Instead, efficiency is a new priority