Europe

Production will be halved in China, and in Europe the energy crisis is pressing on the industry

In the third quarter, the European company US Steel Kosice reduced steel production by 26% y/y

Potential EU trade restrictions, in particular, will affect scrap imports

Supply of Asian imports increased in the EU market in October

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye

Structural changes and trends in international transport in Europe and Ukraine in 2022

US consumers avoid purchases of imported steel amid low domestic prices and short delivery times

Local producers are now continuing to discount December deliveries in hopes of securing sales amid weak demand

Low demand for products is forcing producers to cut prices to fill the portfolio of orders

Activity in the European HRC market remains low

European companies and third countries cannot ensure stable supplies of semi-finished products, according to rolled steel producers

The steel sector replenishes the budgets of European countries with tens billions of euros, but mass shutdowns of capacities will negatively affect the amount of tax revenues