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steel prices - Latest Articles GMK Center

Photo – German steel market expects higher product prices during July
German steel market expects higher product prices during July

Planned maintenance at many EU steel mills will reduce the supply of steel on the market

Photo – The level of export prices on the global steel market decreased in June
The level of export prices on the global steel market decreased in June

Chinese producers maintain a price advantage, India cannot withstand competition with China

Photo – World prices for hot-rolled coils are falling under the pressure of low demand
World prices for hot-rolled coils are falling under the pressure of low demand

Global rolled steel trade is slowing due to uncertainty in the Chinese market

Photo – Global rebar prices are falling due to weak market sentiment
Global rebar prices are falling due to weak market sentiment

China is reinforcing this trend by trying to expand exports at reduced prices

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 – Decarbonization will lead to an increase in steel prices by 10-20% – ArcelorMittal CEO
Decarbonization will lead to an increase in steel prices by 10-20% – ArcelorMittal CEO

Steel companies striving for the production of environmentally friendly steel may face the unsustainability of their business models in the future

Photo – Nippon Steel agreed to raise steel prices for Toyota
Nippon Steel agreed to raise steel prices for Toyota

In the first half of the 2023/2024 financial year, Nippon Steel will increase in price for the Japanese automaker by $74/t

Photo – World rebar prices are adjusting after the earthquake in Turkiye
World rebar prices are adjusting after the earthquake in Turkiye

In most world markets, except for the European one, prices for rebar are increasing at the beginning of March 2023

Photo – Turkiye agreed on a mechanism to control steel prices for reconstruction
Turkiye agreed on a mechanism to control steel prices for reconstruction

5 million tons of steel will be needed to rebuild the regions affected by the earthquake

Photo – Serhiy Kovalenko: «We expect steel sales to grow by 10-15% in 2023»
Serhiy Kovalenko: «We expect steel sales to grow by 10-15% in 2023»

In the first two months of the year, sales of rolled steel seasonally decreased, but with the start of the construction season, they may increase

Photo – Global rebar prices rise amid renewed demand
Global rebar prices rise amid renewed demand

Rebar quotations in Turkiye rose by 2.1% in early January, and in China – by 1.4%

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