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Photo – The supply of iron ore on the global market may decrease at the beginning of 2023
The supply of iron ore on the global market may decrease at the beginning of 2023

Prices continue to be driven by positive market sentiment and demand expectations in China

Photo – World scrap prices remained at the level of the previous week – $383/t
World scrap prices remained at the level of the previous week – $383/t

In the week of December 5-12, 2022, scrap quotations in Turkiye remained at $383/t

Photo – US and EU climate tariffs could hit China and other markets
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

Photo – European steelmakers expect an increase in demand for HRC in early 2023
European steelmakers expect an increase in demand for HRC in early 2023

On the Asian and American markets, prices for hot-rolled coils increased

Photo – China’s electro steel industry is under pressure from rising scrap prices
China’s electro steel industry is under pressure from rising scrap prices

The seasonal increase in prices for scrap metal does not correspond to the state of the steel market, reducing the margins of steel mills

Photo – Prices for coking coal at the beginning of December slightly increased – $250/t
Prices for coking coal at the beginning of December slightly increased – $250/t

Quotations of coking coal for the week of November 28 – December 5 in Australia increased by 1.2%, and in China – remained at the same level

Photo – China reduced iron ore imports by 2.1% y/y in January-November 2022
China reduced iron ore imports by 2.1% y/y in January-November 2022

In November 2022, the iron ore import decreased by 5.8% year-on-year and by 4.1% more compared to the previous month

Photo – US and EU consider new climate tariffs on Chinese steel — Bloomberg
US and EU consider new climate tariffs on Chinese steel — Bloomberg

China accounts for more than 60% of world steel production

Photo – Prices on the world rebar market remain unstable
Prices on the world rebar market remain unstable

European producers are trying to push the market, and export prices have increased in Turkiye

Photo – It will take decades to produce green steel in Asia — BHP
It will take decades to produce green steel in Asia — BHP

About 72% of steelmaking facilities under construction in the world are blast furnaces

Photo – Steel prices in China will be pressured by weak demand until the end of 2022
Steel prices in China will be pressured by weak demand until the end of 2022

Quotations of steel products are likely to fall by the end of the year despite the government's efforts to support the industry

Photo – China’s weak economy threatens the stability of prices in the steel market in 2023
China’s weak economy threatens the stability of prices in the steel market in 2023

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

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