hot-rolled products

In May, China exported a total of 1.77 million tons of HRC

In the second quarter of 2023, over 1.1 million tons of remaining quotas were used

Tariffs on Chinese hot-rolled coil will remain in place for at least another 5 years

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

In January-March 2023, the company increased the shipment of rolled steel to customers by 7% q/q

The European market is breaking out of the general trend due to limited supply

Rolled steel quotations rose amid demand recovery and positive expectations, but the market condition is ambiguous

The current suspension of measures is planned to be extended, as dumping of goods from Ukraine is hardly possible due to the war in the country

In December 2022, Turkish consumers received 6.4 thousand tons of Ukrainian hot-rolled steel

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

The first batch of about 1000 tons is available for ordering and shipment

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