hot-rolled prices

This was facilitated by a limited supply and an increase in order fulfillment times

Currently, several European steel mills are already carrying out maintenance

The increase in prices was facilitated by the activation of demand after the announcement of a price increase by the Cleveland-Cliffs company

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

The market expects trading to resume in early September, along with rising steel prices

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

Market participants report strong demand despite economic concerns

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

Plants are making concessions because the market rejected the first offers

The European market is under pressure from import proposals, steel producers in China are waiting for further steps from the government

Price optimism in the first quarter of 2023 did not find its confirmation in the future

Global rolled steel trade is slowing due to uncertainty in the Chinese market