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steel prices - Latest Articles GMK Center

Photo – Baosteel expects steel market to improve in September
Baosteel expects steel market to improve in September

The company has reduced prices for its flat products with delivery in August

Photo – Decline in European steel prices slowed down in July – MEPs
Decline in European steel prices slowed down in July – MEPs

Analysts suggest negative market bottom may have already been reached

Photo – HRC prices in the EU do not meet customer expectations – S&P Global
HRC prices in the EU do not meet customer expectations – S&P Global

Many buyers at the beginning of the war in Ukraine built up significant stocks at high prices

Photo – ArgusMedia: Euro/dollar parity may help hot-rolled steel prices stabilization
ArgusMedia: Euro/dollar parity may help hot-rolled steel prices stabilization

Euro and dollar exchange rates are nearly equal, which could help European flat steel prices reach bottom and stabilize

Photo – German steelmakers expect production and prices decline in July
German steelmakers expect production and prices decline in July

Steel production in Germany fell by 4.8% in five months

Photo – ANNOUNCEMENT: SMU Steel Summit 2022
ANNOUNCEMENT: SMU Steel Summit 2022

The event will take place from August 22 to 24

Photo – Prices for hot rolled products in Italy for 3 months fell by 42%
Prices for hot rolled products in Italy for 3 months fell by 42%

As of June 24, the HRS index from Argus was €784.5/t compared to €1350/t in mid-March

Photo – How macroeconomics and COVID “won” the war
How macroeconomics and COVID “won” the war

In June, steel prices made back to pre-war levels

Photo – Steel prices in Europe fall as economy slowing down
Steel prices in Europe fall as economy slowing down

Base prices for hot-rolled coil fell by almost a third after March record

Photo – How Russian steel exports are killing the MENA market
How Russian steel exports are killing the MENA market

Russian companies are dumping, offering discounts in search of a market for exports

Photo – Billet prices in Black Sea ports down by $20
Billet prices in Black Sea ports down by $20

For March 23-30, billet quotations fell to $800-830/t after two weeks of stability

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