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The trend was supported by increased demand from steelmakers after the New Year holidays

State and prospects of trade in steel products Ukraine-Turkiye

Turkish supplies accounted for almost 40% of all imports of steel products in 2023

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Electricity prices in Europe returned to 2021 levels last year

This trend was facilitated by the fall in the cost of gas, the decrease in demand and the growth of generation from renewable sources

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Analysts expect global GDP growth of 2.1-2.9% in 2024

Next year we can expect looser monetary policy, reduced inflation and high uncertainty

Квоты ЕС на сталь вступили в силу. Что дальше? © shutterstock.com
How the 12th package of sanctions will affect iron and steel products imports to the EU

Restricting imports of pig iron from Russia is the most important decision in the new sanctions package

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Electricity prices in Europe rose in November amid increased demand

The exceptions were the Pyrenean market and Italy with record solar generation for November

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Global scrap market in 2023: current trends

More and more countries recognize scrap as a strategic raw material and limit exports

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Winter electricity prices in Europe may be significantly lower than last year

In October 2023, the cost of electricity in Germany fell by more than 13%, in Italy it increased by 16% compared to September

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EU market expects a rise in HRS prices in November-December

This will be facilitated by a limited supply amid capacity reductions by some producers

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China’s overcapacity problem returns

There will most likely no longer be an order from the Chinese authorities to reduce production, but steel mills are voluntarily reducing output

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One step away from recession: Europe shows minimal economic growth

One step away from recession: Europe shows minimal economic growth According to the consensus forecast, the eurozone economy is expected to grow at 0.2% and 0.3% Q/Q in Q1 and Q2 respectively

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