graded rolled steel - Latest news GMK Center

The ongoing market downturn may force steelmakers to shut down or sell some capacity

Rebar supplies almost halved in the period under review

The company's business plan for 2024-2027 is based on a sustainable development scenario

The decision is motivated by rising production costs and the need to restore profitability

The company took this step amid of reduced inventory levels in the supply chain in the market

This will be facilitated by improved economic data and public investment

Construction investment in Europe fell, as did steel prices

Demand for rebar and wire rod remains low

The growth of the segment, in particular, will be facilitated by the expansion of capacities

At the previous auction, the starting price of the company was at the level of €25.9 million, but the auction probably did not take place

Division shipments in the third quarter of 2022/2023 fiscal year fell 10% y/y

The company's facilities in Italy and France are currently idle. Suspension of bar production expected in Switzerland