slabs - Latest news GMK Center

Market conditions remain unfavorable amid geopolitical uncertainty

Asian suppliers have entered the U.S. market, but their supply is unlikely to be sustainable in the future

Market participants do not see any prerequisites for higher prices

Producers seek to increase the attractiveness of supply amid sluggish demand

Producers took advantage of the tightening of tariff protection in the European steel market

The unit will become the most powerful machine of this type in the world

The justification for the lack of cost-effective alternatives is not entirely true

In 2023, the company produced 3 million tons of slabs

In particular, the decision is condemned by the steel company Metinvest and the European steel association EUROFER

After the occupation of assets in Mariupol, the company completely changed its supply chains and has an understanding of how to do this to EU companies

In January-October 2023, the country exported 1.53 million tons of slabs, while in 2022 the figure was at the level of 1.33 million tons

Deliveries increased by 16.8% y/y