Kallanish Steel Weekly
Rapid and steep price hikes, as well as high energy prices are impacting manufacturing activity in Europe and inflation is hampering consumption, which are causing the long products market to deteriorate. However, it is difficult to understand why the market has been so silent in recent weeks and what has …
ArcelorMittal now expects global apparent steel consumption to contract by up to 1% on-year in 2022, given the Ukraine war impact and rising inflation in Europe, down from the previous forecast of 1% growth.
The group's steel shipments fell 7% on-year in the first quarter to 15.3 million tonnes, and …
The European Commission proposed on Wednesday last week the suspension of all trade barriers against Ukraine-origin steel imports for a period of one year, to support the country during the ongoing war with Russia.
Turkish mills last week continued to keep scrap purchases on hold due to the stagnancy seen in steel sales. While rebar prices are continuing their gradual decline and trading activity is almost null, Turkish mills, unable to see the clear picture of the market, are not willing to commit to …
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