Steel “Ramstein”, or what EU and US can really do for Ukraine

Ukraine needs cancellation of anti-dumping duties in USA and prolongation of trade without duties with EU
World scrap prices are rising again after a week of stabilization

In the week of December 12-19, 2022, scrap quotations in Turkiye increased by $5/t – to $382-388/t

US and EU climate tariffs could hit China and other markets

In 2021, Chinese steelmakers exported more than 3 million tons of steel to the EU

IREPAS notes the low demand on the world market for long products

The association gives a negative forecast for the fourth quarter of 2022 and the beginning of 2023

In 2Q 2022 USA decreased pig iron imports from Russia by 91.9% y/y

Imports of steel semis over the same period reduced by 53.3%

Steel plants continue to stop production all over the world

Declining steel production is a new global trend