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Photo – The global rolled steel market is under the pressure of weakening demand
The global rolled steel market is under the pressure of weakening demand

The European market is breaking out of the general trend due to limited supply

Photo – Prices for hot-rolled coil in Europe increased by €30-50/t during March
Prices for hot-rolled coil in Europe increased by €30-50/t during March

Rolled steel quotations rose amid demand recovery and positive expectations, but the market condition is ambiguous

Photo – Competition is intensifying in the Italian rolled steel market
Competition is intensifying in the Italian rolled steel market

Sellers of sheet steel note a reduction in consumption and slow sales

Photo – Europe has overcome the most difficult phase of the energy crisis: what are the expectations for 2023
Europe has overcome the most difficult phase of the energy crisis: what are the expectations for 2023

At the beginning of the year, analysts improved forecasts for the growth of the Eurozone economy to 0.6-0.9% in 2023

Photo – EU steel industry will achieve decarbonization goals — Primetals Technologies
EU steel industry will achieve decarbonization goals — Primetals Technologies

A number of major market players have made public commitments to reduce carbon emissions

Photo – UZ plans to create a carrier company to operate in Europe
UZ plans to create a carrier company to operate in Europe

The company can be established by the end of this year

Photo – The EURIC association does not see any risks of a scrap shortage in Europe
The EURIC association does not see any risks of a scrap shortage in Europe

In 2021, scrap consumption by European steelmakers amounted to 87.9 million tons

Photo – ArcelorMittal Zenica increased production of wire rod in January 2023
ArcelorMittal Zenica increased production of wire rod in January 2023

In January, the company produced 43,200 tons of wire rod, which is a new record

Photo – Tata Steel made a loss of $268.9 million in the third quarter of the 2022/2023 financial year
Tata Steel made a loss of $268.9 million in the third quarter of the 2022/2023 financial year

Activity in Europe was affected by energy prices and recession concerns

Photo – The Eurozone showed growth in the fourth quarter of 2022
The Eurozone showed growth in the fourth quarter of 2022

GDP in the eurozone increased by 0.1% compared to the previous quarter

Photo – European HRC producers are aiming for further price increases
European HRC producers are aiming for further price increases

The trends in the Chinese HRC market will be determined after the holiday period

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