Issue 26, 2024 - This week's editorial: Worldwide long steel consumption wanes. Prices decrease

Slow activity and a lacklustre market for long products are seen in Europe, Middle East, North Africa, Asia, and the US, resulting in occasionally declining prices. Rebar import prices continue to weaken in Singapore and Hong Kong, …

Low consumption impacts global HRC pricing and trade

European domestic HRC prices are projected to rise by €30-40/tonne ($32-42) in the coming weeks, reaching €700-720/t in Q4, according to GMK CEO Stanislav Zinchenko, who spoke earlier this month at Kallanish Europe Steel Markets 2024 in Milan. Most sellers expected prices …

European industry debates political shift, HRC quota cap

European steel industry representatives gathered in Milan last week for Kallanish Europe Steel Markets 2024, where discussion centred around the continent’s deindustrialisation, gloomy demand outlook for the second half-year and the European Commission’s proposal to cap individual origins within the “other country” …

Issue 23, 2024 - This week's editorial: US and Europe’s HRC tariffs likely to reshape global market flows

India may see a rise in hot rolled coil steel imports as an unintended consequence of Europe’s residual tariff-rate quota (TRQ) capping. This could lead to a re-direction of HRC imports from Southeast …