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Steel: China accelerates the pace of EAF capacity development
China has accelerated the pace of steel capacity development based on electric arc furnaces in 2022 to mark the growing efforts of the steel industry, which is steadily aligning with the country’s high decarbonisation targets. The country has approved the...
Hot-rolled coils: European prices fall due to oversupply
Hot-rolled coil prices in Europe have fallen and market players are increasingly convinced that the market is set to decline significantly. While several mills have offered coils at €1,300/mt exw, some offers have been as low as €1,280/mt exw. Despite this, most...
Steel: EU suspends trade barriers on Ukraine
The European Commission proposed on Wednesday the suspension of all trade barriers against steel imports from Ukraine for a period of one year, to support the country during its ongoing war with Russia. The proposal needs to be ratified by the European Parliament, but...
Steel: expected declines in EU hot rolled coils
The expectations are for a downward trend in prices for hot rolled coil as demand has remained subdued due to the holiday period. Some market sources report a quiet market with subdued demand and most traders preferred to wait and see if prices would correct from...