Europe

Rolled steel quotations rose amid demand recovery and positive expectations, but the market condition is ambiguous

Sellers of sheet steel note a reduction in consumption and slow sales

At the beginning of the year, analysts improved forecasts for the growth of the Eurozone economy to 0.6-0.9% in 2023

A number of major market players have made public commitments to reduce carbon emissions

The company can be established by the end of this year

In 2021, scrap consumption by European steelmakers amounted to 87.9 million tons

In January, the company produced 43,200 tons of wire rod, which is a new record

Sales of steel decreased by 9% year-on-year

Activity in Europe was affected by energy prices and recession concerns

GDP in the eurozone increased by 0.1% compared to the previous quarter

The trends in the Chinese HRC market will be determined after the holiday period

Analysts expect that in 2023 the economies of Asian countries will grow, while the USA and the Eurozone are threatened with recession