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Steel: Eurofer revises forecasts on demand in the EU for 2022
According to European steel association Eurofer, steel consumption in Europe could contract by almost 2% this year due to soaring energy prices, continued disruptions in supply chains and the shock of war in Ukraine. In its forecast in early February, Eurofer...
Steel: increase the EU exports to the United States
European exports of finished steel products to the United States are bucking the trend of a general decline in exports from the continent to third countries. In the fourth quarter of 2021, EU finished goods exports to the United States jumped 43% year-over-year,...
Vitkovice Steel suspends deliveries and stops production
According to a letter sent by the steel mill to its customers earlier this week, Czech Republic-based heavy plate producer Vitkovice Steel has announced that it will suspend deliveries due to the impact of the EU's April 8 sanctions against Russia. The sanctions,...
Steel: CHQ prices rise in second quarter
European buyers of cold heading quality (CHQ) steel are having to pay significantly more for the material in the second quarter. Following the trend of other wire-related products, regional steel producers have secured substantial price increases during recent...