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steel prices - Latest news GMK Center

Photo – Italian long steel companies to stop production due to the energy crisis
Italian long steel companies to stop production due to the energy crisis

Factories may idle capacity after summer shutdowns for repairs if buyers refuse to accept higher prices

Photo – ArcelorMittal raises prices for flat steel for the first time since March
ArcelorMittal raises prices for flat steel for the first time since March

Thus, the company plans to shift the growth of production costs to the end user

Photo – British Steel has raised structural steel prices by £100/t
British Steel has raised structural steel prices by £100/t

The increase in energy prices significantly affected the cost of production

Photo – German HRC producers offer discounts on their products
German HRC producers offer discounts on their products

In this way, enterprises stimulate the purchase of hot-rolled coils

Photo – Tata Steel predicts a rise in steel prices from December
Tata Steel predicts a rise in steel prices from December

The managing director of the company believes that now the quotes have become close to the lows

Photo – Steel prices are already close to minimum – Marcegaglia
Steel prices are already close to minimum – Marcegaglia

The Italian reroller expects a rapid increase in steel prices by 8-10%

Photo – Baosteel expects steel market to improve in September
Baosteel expects steel market to improve in September

The company has reduced prices for its flat products with delivery in August

Photo – Decline in European steel prices slowed down in July – MEPs
Decline in European steel prices slowed down in July – MEPs

Analysts suggest negative market bottom may have already been reached

Photo – HRC prices in the EU do not meet customer expectations – S&P Global
HRC prices in the EU do not meet customer expectations – S&P Global

Many buyers at the beginning of the war in Ukraine built up significant stocks at high prices

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

Photo – German steelmakers expect production and prices decline in July
German steelmakers expect production and prices decline in July

Steel production in Germany fell by 4.8% in five months

Photo – ANNOUNCEMENT: SMU Steel Summit 2022
ANNOUNCEMENT: SMU Steel Summit 2022

The event will take place from August 22 to 24

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