Italy

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Italy reduced steel production by 15.1% y/y in November 2022

In 11 months of 2022, steel production in Italy decreased by 11.2% y/y

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Italy’s Marcegaglia buys a stainless steel plant in the UK

In this way, the company plans to bypass the protective measures of the European Union, anti-dumping duties and the CBAM mechanism

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A clear industrial plan is needed to save Acciaierie d’Italia

The volume of steel production at the plant in Taranto in 2021 amounted to only 3 million tons

Siderweb: «In 2023, steel demand in Italy is expected to decrease, but production should grow»

Stefano Ferrari and Gianfranco Tosini discussed the priorities and prospects for the Italian steel industry in the interview for GMK Center.

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Scrap demand in Italy will fall at the beginning of 2023 due to shutdowns of steel plants

Longer shutdowns of steelmakers for maintenance will affect scrap consumption in the first quarter of 2023

Prices on the world rebar market remain unstable

European producers are trying to push the market, and export prices have increased in Turkiye

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Some European countries increased steel production in October 2022

In France it increased by 14.7%, in Germany – by 10.5%

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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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Italy reduced steel production by 9.3% y/y in October 2022

In 10 months of 2022, steel production in Italy decreased by 10.8% y/y

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The Italian government allocated €9.1 billion to compensate high energy costs

A third of the funds will go to tax credits for enterprises

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The demand for rebar on the world market remains unstable

Italian producers raise prices, and Turkish producers are forced to lower quotations

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Italian distributors consider low steel demand possible in 2023

The main concern is the fall in prices in January

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