wire rod - Latest news GMK Center

The company also announced an increase in the cost of wire rod

The decision was driven by low demand for steel and high volumes of imports from outside the EU

The company explains this decision by the global oversupply of steel

This tube is one of the most important elements of the rotor of the wire rod forming machine and plays a key role in the wire rod formation process

The product is made from hydrogen-reduced iron and scrap

Tariffs in the amount of 10% will be valid until October 12, 2025

Anti-dumping measures have been extended for a total of 10 countries

Inventories are declining, and imports of these products to Europe have slowed down

Specialists of the workshop improved the production process of wire rod to reduce the production cost

Most of the new products were developed in the steel plate and HRC segment

The duty on Ukrainian metal products amounts to 41%

Ukraine’s imports of wire rod increased by 20.3% to 72.6 thousand tons in 2020