Europe

The likely increase in demand in April-June is forecast to be insignificant

The reasons are high energy prices and growing regulatory requirements

Buyers are putting pressure on ferrochrome prices, while enquiries for ferrosilicon were few and far between

Average gas prices and CO2 emissions continued to fall last month

They demand the European Commission to create a crisis working group on GFG Alliance/Liberty

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

About 1.18 million tons of HRC were expected to be imported into the EU on January 5 in the «other countries» category

In the first quarter of 2024, HRC prices in Europe may continue to rise

The Spanish Celsa raised prices in Europe for all its products by €30/t

This bubble is huge

The volume of supply on the European market this year will increase to 1.51 million tons

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