Europe

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HRC prices in Europe fell due to weak demand

Activity in the European HRC market remains low

European rerollers are against potential sanctions on Russian slabs

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

European steel producers fear a deepening recession due to the energy crisis

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

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ArcelorMittal raises prices for flat steel for the first time since March

Thus, the company plans to shift the growth of production costs to the end user

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German HRC producers offer discounts on their products

In this way, enterprises stimulate the purchase of hot-rolled coils

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Uzmetkombinat certified rebar in 3 European countries

The state steel producer of Uzbekistan intends to significantly increase the supply of rebar and wire rod to Europe

ArcelorMittal expects stable steel demand in Europe in 2022

At the same time, the corporation is reducing capacity amid weak current demand

Europe’s energy transition needs €10 trillion investment – Goldman Sachs

This is likely to result in significant demand for steel

Decline in European steel prices slowed down in July – MEPs

Analysts suggest negative market bottom may have already been reached

Ukraine has submitted a request to the EFTA to abolish all tariffs

The Ukrainian side also asks to include the export of agricultural products in the agreement

Steel prices in Europe fall as economy slowing down

Base prices for hot-rolled coil fell by almost a third after March record

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