steel market

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Turkey’s steel industry plans to increase utilization to 70% in 2025

Amid job cuts in Germany, Turkey remains optimistic about steel industry development

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Poland increased imports of rolled products from third countries by 25% y/y in January-September

Ukraine, China, South Korea and India account for about 70% of deliveries

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Steel consumption in Turkey decreased by 1.8% y/y in January-October

Exports of steel products grew by 30.7% y/y over 10 months, while imports fell by 7.2% y/н

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Steel sales in Germany increased by 7.4% y/y in October

Flat products accounted for the majority of sales

The Polish market remains dependent on imports – Piotr Sikorski

In 8 months 2024, the share of imports in apparent consumption was 82%

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Unfair competition has a significant impact on steel markets – OECD

Surges in imports affect the economies of the organization's member states

Import share of plate market in Poland was 90% in 2023

Local production fell by 52% in 2013-2023

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EU steel distributors face weak demand – EUROMETAL

The sector has expectations for stabilization or a slight increase in prices

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EU imported 76.1 million tons of steel products from third countries in January-July

The main share of imports is iron ore – 44.1 million tons

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EU distributors have a pessimistic forecast for Q4 2024 – EUROMETAL

The industry is likely bracing itself for a challenging finish to 2024 with potential price declines

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