flat & long steel prices - Latest news GMK Center

Quotations for welded pipes in Turkey fell by $18 per tonne over the same period due to weak demand in the EU

The American producer announced price increases for the relevant products for the first time since March

The increase will take effect in November for new orders, with the company citing market conditions as the reason

Quotations for welded pipes in Turkey rose by $18/t over the same period

The updated price list takes into account the increase in logistics and galvanized rolled steel costs for pipe production

Chinese steel mills refrain from raising prices due to market weakness

The dynamics of the product cost was influenced by two factors at once

Market participants do not believe in the sustainability of the new benchmarks

Local producers fear import surge if prices rise further

The decision is driven by rising energy costs and the need to maintain production profitability

As of October 25, the prices of hot-rolled flat products in the USA were at the level of $690-700 per short ton, and cold-rolled – $960-1000/t

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