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steel prices - Latest Articles GMK Center

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 – Latin American steel demand to decline in 2022 – Alacero
Latin American steel demand to decline in 2022 – Alacero

The new forecast is more optimistic than the previous one and reflects increased expectations for GDP growth in the countries of the region

Photo – Government stimulus to the Chinese economy could revive the steel market
Government stimulus to the Chinese economy could revive the steel market

Experts expect steel production in China to rise in September 2022, supporting iron ore prices

Photo – Nippon Steel will raise steel prices for Toyota by 20-30%
Nippon Steel will raise steel prices for Toyota by 20-30%

A new agreement between Japan's biggest players could dramatically affect the cost of steel products for other sectors

Photo – European demand for imported steel increased against the backdrop of high domestic prices
European demand for imported steel increased against the backdrop of high domestic prices

Due to the increase in energy costs, local producers are forced to raise the prices of their products

Photo – Italian steelmakers to introduce a surcharge on electricity
Italian steelmakers to introduce a surcharge on electricity

The size of the surcharge to the product price can amount to €200-300 per ton of rolled steel

Photo – Italian long steel companies to stop production due to the energy crisis
Italian long steel companies to stop production due to the energy crisis

Factories may idle capacity after summer shutdowns for repairs if buyers refuse to accept higher prices

Photo – ArcelorMittal raises prices for flat steel for the first time since March
ArcelorMittal raises prices for flat steel for the first time since March

Thus, the company plans to shift the growth of production costs to the end user

Photo – British Steel has raised structural steel prices by £100/t
British Steel has raised structural steel prices by £100/t

The increase in energy prices significantly affected the cost of production

Photo – German HRC producers offer discounts on their products
German HRC producers offer discounts on their products

In this way, enterprises stimulate the purchase of hot-rolled coils

Photo – Tata Steel predicts a rise in steel prices from December
Tata Steel predicts a rise in steel prices from December

The managing director of the company believes that now the quotes have become close to the lows

Photo – Steel prices are already close to minimum – Marcegaglia
Steel prices are already close to minimum – Marcegaglia

The Italian reroller expects a rapid increase in steel prices by 8-10%

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