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Steel: production slows down in the EU
Production growth in the EU steel sectors is expected to slow to 0.3% year-on-year in 2023, following 3.1% growth in 2022, before accelerating to 2.3% in 2024. Construction and pipes will be the main drivers this year, while automotive will be the only strong point....
China imports: stainless steel down, iron ore and coal up
China imported 123.300 tons of stainless steel in March, down 34.1% month-on-month and 48.6% year-on-year, while it exported 340,400 tons of stainless steel, down 38.1% month-on-month and 8% year-on-year. In March, China's net export tonnage was 226,100 tonnes, up...
Scrap: Arvedi reiterates its support for export restriction in Europe
Mario Arvedi Caldonazzo, head of the Arvedi Group and vice-president of Eurofer, reiterated his concern about the future availability of scrap in Europe and the need to ensure that this strategic resource remains on the continent. Caldonazzo said that the export of...
HRC steel: EU market mood remains bearish due to competitive imports
HRC hot rolled coil prices imported into Europe softened further on 9 May in southern Europe and remained competitive in the northwestern EU, contributing to the bearish market mood. One southern European steel producer has already lowered its HRC offers to EUR...