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steel prices - Latest Articles GMK Center

Photo – Steel prices in China in 2023 will depend on the level of demand
Steel prices in China in 2023 will depend on the level of demand

In January-November 2022, the volume of steel production in the country fell by 1.4% y/y

Photo – Fall and growth in the steel construction market
Fall and growth in the steel construction market

At the end of 2022, steel prices and the cost of logistics have significantly decreased, which should contribute to demand

Photo – MENA rebar producers are losing $50-70 million per month due to changes in global trade flows
MENA rebar producers are losing $50-70 million per month due to changes in global trade flows

Exporters from India, Turkiye and the Russian Federation are more active in the MENA market

Photo – Prices for rolled steel will increase in early 2023 — Vartis
Prices for rolled steel will increase in early 2023 — Vartis

In 2022, the price of steel on world markets fell by 22% compared to 2021

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 – Steel prices in China will be pressured by weak demand until the end of 2022
Steel prices in China will be pressured by weak demand until the end of 2022

Quotations of steel products are likely to fall by the end of the year despite the government's efforts to support the industry

Photo – China’s weak economy threatens the stability of prices in the steel market in 2023
China’s weak economy threatens the stability of prices in the steel market in 2023

The demand for steel in China is one of the main factors influencing the prices of steel products in the world

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 – German steelmakers expect further decline in steel prices and stocks
German steelmakers expect further decline in steel prices and stocks

Amid correction in energy prices and weak demand, steel prices are forecast to decline during November

Photo – Global rebar prices are falling amid low demand in the construction sector
Global rebar prices are falling amid low demand in the construction sector

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

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

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