Europe

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HRC prices in Italy increased by €20/t amid rising demand

In general, on the European hot-rolled market trade of products is limited. Restocking is expected no earlier than next year

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The current prices on the European HRC market are not indicative

Buyers are testing the market to see if prices have bottomed out

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ArcelorMittal Europe in the third quarter of 2022 reduced steel output by 12% y/y

The company announced further production cuts in the fourth quarter

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The world ferroalloys market sees a decline in demand

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

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US Steel notes the drop in demand for steel in Europe due to the war in Ukraine

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

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BIR calls on European governments to support the recycling industry

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

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The European hot-rolled coil market is not yet ready for recovery

Supply of Asian imports increased in the EU market in October

Turkish steelmakers expect an increase in steel exports to the EU from 2023

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

ANNOUNCEMENT: Online discussion on international transport from CSCMP Ukraine

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

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The EU energy crisis restrains the export of European steel to the USA

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

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EU steelmakers plan to raise rolled steel prices in the first quarter of 2023

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

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EU sheet producers cut prices to secure sales

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

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