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Photo – Global hot-rolled coil prices are falling amid high competition in the markets
Global hot-rolled coil prices are falling amid high competition in the markets

The European market is under pressure from import proposals, steel producers in China are waiting for further steps from the government

Photo – Tata Steel UK imports 25 thousand tons of hot-rolled coil from India
Tata Steel UK imports 25 thousand tons of hot-rolled coil from India

The products are mainly intended for the company's distribution centers

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

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 – 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 – US steel prices may return to pre-pandemic level
US steel prices may return to pre-pandemic level

American steelmakers believe that the HRC price at the beginning of 2023 will be lower than $650/t

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

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 – HRC prices in Europe continue to fall due to low demand
HRC prices in Europe continue to fall due to low demand

Despite the willingness of producers to provide discounts on products, demand is not recovering

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 – Turkish HRC exports fell by 7% in June
Turkish HRC exports fell by 7% in June

The main destination was Egypt, where 190.9 thousand tons were shipped

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