Europe

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Global graded rolled products market remains volatile – IREPAS

European producers fight for orders, China did not show the expected recovery

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Electricity prices in Europe fell significantly in March

European gas storage capacity remained high after the winter

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The global rolled steel market is under the pressure of weakening demand

The European market is breaking out of the general trend due to limited supply

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Prices for hot-rolled coil in Europe increased by €30-50/t during March

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

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Competition is intensifying in the Italian rolled steel market

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

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Europe has overcome the most difficult phase of the energy crisis: what are the expectations for 2023

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

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EU steel industry will achieve decarbonization goals — Primetals Technologies

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

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UZ plans to create a carrier company to operate in Europe

The company can be established by the end of this year

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The EURIC association does not see any risks of a scrap shortage in Europe

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

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ArcelorMittal Zenica increased production of wire rod in January 2023

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

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ArcelorMittal Europe reduced steel output by 13.3% y/y in 2022

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

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Tata Steel made a loss of $268.9 million in the third quarter of the 2022/2023 financial year

Activity in Europe was affected by energy prices and recession concerns

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