steel market
Fitch expects the global steel market to normalize in 2023

Global markets will recover, except for China, to the same level as in 2021

During the war, the demand for steel structures in Ukraine fell catastrophically

Survival in the market of metal structures depends on the ability to reorient to the products in demand

High energy prices affect steel consumption in Europe

In September 2022, energy inflation in the EU was 41%.

Prices for hot rolled products in Italy for 3 months fell by 42%

As of June 24, the HRS index from Argus was €784.5/t compared to €1350/t in mid-March

Wartime steel: how the metal market works during the war

In general, the situation in the metal trading market is cautiously optimistic