Europe - Latest news GMK Center

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

Steel processing plants have been experiencing losses for several months

Demand for manganese alloys and their supply will continue to fall

It is about a price of €680/t for the January order, the market reports

The company is going to cut sales jobs in Europe

Gas prices also rose due to reduced supply

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

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

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

There is a seasonal slowdown in trade on the market

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