steel prices - Latest news GMK Center

The demand for steel in China is one of the main factors influencing the prices of steel products in the world

American steelmakers believe that the HRC price at the beginning of 2023 will be lower than $650/t

Amid correction in energy prices and weak demand, steel prices are forecast to decline during November

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

Local producers are now continuing to discount December deliveries in hopes of securing sales amid weak demand

Low demand for products is forcing producers to cut prices to fill the portfolio of orders

Despite the willingness of producers to provide discounts on products, demand is not recovering

The new forecast is more optimistic than the previous one and reflects increased expectations for GDP growth in the countries of the region

Experts expect steel production in China to rise in September 2022, supporting iron ore prices

A new agreement between Japan's biggest players could dramatically affect the cost of steel products for other sectors

Due to the increase in energy costs, local producers are forced to raise the prices of their products

The size of the surcharge to the product price can amount to €200-300 per ton of rolled steel