slabs - Latest news GMK Center

Supplies decreased by 5.2% y/y

European consumers are preparing for the entry into force of sanctions on slabs and are looking for alternative suppliers

Compared to June 2022, the volume of foreign supplies decreased by 9.9% y/y

During the month, Turkish steelmakers imported 480.7 thousand tons of slabs, which is 23.9 times more than y/y

The manufactured products will be delivered to the company's rolling assets in Italy and the UK

Deliveries to Europe in the first quarter of 2023 decreased by 26% y/y

Imports of Russian products to the country in February 2023 fell by 62.6% y/y

At the first stage, the plant plans to increase production from the current 2.85 million tons per year to 3 million tons per year

The decline in export sales was less than the markets had expected

Quotations of slabs in the ports of the Black Sea for the week of February 10-17 increased by $10/t, and in Japan – remained at the level of $630/t

The agency should review the rejection of 58 requests for exemption from steel import duties

The rolling market is undergoing significant changes under the conditions of European sanctions