Global Market - Posts

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

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

Gas prices also rose due to reduced supply

European producers continue to buy products from the Russian steel industry, since the current sanctions do not ban imports completely

Quotas for the IV quarter are likely to be filled in early October, which will affect prices in the EU

A year and a half of war has not changed anything in the readiness of Polish ports for Ukrainian exports, the prospects for the growth of port shipments remain vague

Opening own production in one of the EU countries is the right step to ensure access to the European market

The war changed the structure of suppliers in the EU flat steel market – Asian companies were able to increase sales

China, Türkiye, South Korea and India have become the beneficiaries of sanctions against Russian long products