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Europe - Latest Articles GMK Center

Photo – What will be the dynamics of the world economy in 2023
What will be the dynamics of the world economy in 2023

Analysts expect that in 2023 the economies of Asian countries will grow, while the USA and the Eurozone are threatened with recession

Photo – European industry will need support in the next two years
European industry will need support in the next two years

The EU needs to prioritize investments in clean energy and decarbonisation

Photo – Tata Steel’s European production in October-December 2022 fell by 12.5% ​​y/y
Tata Steel’s European production in October-December 2022 fell by 12.5% ​​y/y

The indicator fell by 6.3% compared to the second quarter of the 2022/2023 financial year

Photo – World prices for scrap at the beginning of 2023 increased sharply to $420/t
World prices for scrap at the beginning of 2023 increased sharply to $420/t

Scrap quotations in Turkiye for the week of January 2-9, 2023, rose by $13/t amid steady demand for finished steel products

Photo – European HRC producers have raised prices for January 2023
European HRC producers have raised prices for January 2023

The increase in European prices will not help exports from Turkiye yet

Photo – DMZ confirmed the right to supply rolled steel to Europe
DMZ confirmed the right to supply rolled steel to Europe

Annually, international auditors check whether the company's activities meet international standards

Photo – The first quarter of 2023 may become the worst for the rolled steel market – IREPAS
The first quarter of 2023 may become the worst for the rolled steel market – IREPAS

The increase in the cost of raw materials, high energy prices and a decrease in business activity will have a negative impact on the steel market

Photo – A strong industrial base should be a strategic priority for the EU — EUROFER
A strong industrial base should be a strategic priority for the EU — EUROFER

The association calls on EU politicians to find a solution for exports within the framework of CBAM

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 – Some European countries increased steel production in October 2022
Some European countries increased steel production in October 2022

In France it increased by 14.7%, in Germany – by 10.5%

Photo – HRC prices in Italy increased by €20/t amid rising demand
HRC prices in Italy increased by €20/t amid rising demand

In general, on the European hot-rolled market trade of products is limited. Restocking is expected no earlier than next year

Photo – The current prices on the European HRC market are not indicative
The current prices on the European HRC market are not indicative

Buyers are testing the market to see if prices have bottomed out

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