Europe

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Global HRC prices are falling under the influence of seasonal factors

European importers postpone imports for the 4th quarter, as they have almost exhausted the quota for duty-free deliveries

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World rebar prices remain stable in July

There is a seasonal slowdown in trade on the market

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HRC producers in Europe cannot achieve higher prices

The market does not support the increase in prices for hot-rolled coil

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Electricity prices in Europe rose significantly in June

The reason was fluctuations in renewable energy production and gas prices

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European investment in the EAF continues to grow

Demand for scrap is expected to increase under such conditions

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Russian Federation reduced railway transportation of steel to Europe by 13% m/m in June

At the same time, rail shipments of Russian steel to Turkiye increased by 12% m/m over the month

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Global hot-rolled coil prices are falling amid high competition in the markets

The European market is under pressure from import proposals, steel producers in China are waiting for further steps from the government

ANNOUNCEMENT: EUROMETAL Regional Meeting

At the event, the GMK Center will present research on how Ukrainian steel industry continues to work in wartime conditions

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Electricity prices in Europe fell amid falling demand

In April 2023, the average monthly day-ahead price in most countries was below €110/MWh

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World prices for hot-rolled coils are falling under the pressure of low demand

Global rolled steel trade is slowing due to uncertainty in the Chinese market

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