steel prices

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ArgusMedia: Euro/dollar parity may help hot-rolled steel prices stabilization

Euro and dollar exchange rates are nearly equal, which could help European flat steel prices reach bottom and stabilize

German steelmakers expect production and prices decline in July

Steel production in Germany fell by 4.8% in five months

ANNOUNCEMENT: SMU Steel Summit 2022

The event will take place from August 22 to 24

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

How macroeconomics and COVID “won” the war

In June, steel prices made back to pre-war levels

Steel prices in Europe fall as economy slowing down

Base prices for hot-rolled coil fell by almost a third after March record

How Russian steel exports are killing the MENA market

Russian companies are dumping, offering discounts in search of a market for exports

Billet prices in Black Sea ports down by $20

For March 23-30, billet quotations fell to $800-830/t after two weeks of stability

MEPS: War in Ukraine dipsrupts supply chains on European steel market (c) shutterstock.com
MEPS: War in Ukraine dipsrupts supply chains on European steel market

Market conditions changed rapidly after the war began

Domestic prices for metals used in the construction industry dropped 3.2% in August

Due to the hike in H1, an average increase in prices for metal products used in the construction industry has been 43.3% since the beginning of 2021

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