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Europe - Latest Articles GMK Center

Photo – ArcelorMittal Europe in the third quarter of 2022 reduced steel output by 12% y/y
ArcelorMittal Europe in the third quarter of 2022 reduced steel output by 12% y/y

The company announced further production cuts in the fourth quarter

Photo – The world ferroalloys market sees a decline in demand
The world ferroalloys market sees a decline in demand

Production will be halved in China, and in Europe the energy crisis is pressing on the industry

Photo – US Steel notes the drop in demand for steel in Europe due to the war in Ukraine
US Steel notes the drop in demand for steel in Europe due to the war in Ukraine

In the third quarter, the European company US Steel Kosice reduced steel production by 26% y/y

Photo – BIR calls on European governments to support the recycling industry
BIR calls on European governments to support the recycling industry

Potential EU trade restrictions, in particular, will affect scrap imports

Photo – The European hot-rolled coil market is not yet ready for recovery
The European hot-rolled coil market is not yet ready for recovery

Supply of Asian imports increased in the EU market in October

Photo – Turkish steelmakers expect an increase in steel exports to the EU from 2023
Turkish steelmakers expect an increase in steel exports to the EU from 2023

As a result of the energy crisis in Europe, the production and supply of steel is reduced, which can positively affect imports from Turkiye

Photo – ANNOUNCEMENT: Online discussion on international transport from CSCMP Ukraine
ANNOUNCEMENT: Online discussion on international transport from CSCMP Ukraine

Structural changes and trends in international transport in Europe and Ukraine in 2022

Photo – The EU energy crisis restrains the export of European steel to the USA
The EU energy crisis restrains the export of European steel to the USA

US consumers avoid purchases of imported steel amid low domestic prices and short delivery times

Photo – EU steelmakers plan to raise rolled steel prices in the first quarter of 2023
EU steelmakers plan to raise rolled steel prices in the first quarter of 2023

Local producers are now continuing to discount December deliveries in hopes of securing sales amid weak demand

Photo – EU sheet producers cut prices to secure sales
EU sheet producers cut prices to secure sales

Low demand for products is forcing producers to cut prices to fill the portfolio of orders

Photo – HRC prices in Europe fell due to weak demand
HRC prices in Europe fell due to weak demand

Activity in the European HRC market remains low

Photo – European rerollers are against potential sanctions on Russian slabs
European rerollers are against potential sanctions on Russian slabs

European companies and third countries cannot ensure stable supplies of semi-finished products, according to rolled steel producers

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