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Rising Prices For Hot-Rolled Coil In Europe: Solid Demand, Limited Supply And Positive Expectations
The European hot-rolled coil (HRC) market is showing signs of strengthening, with a gradual increase in prices driven by higher offers from producers and an optimistic outlook for the short term. European steel mills are reporting good order levels for the second...
Turkish Wire Rod In Free Fall: Collapse Of Exports In February And Signs Of Crisis In The Sector
The most recent data published by the Turkish Statistical Institute (TurkStat) paints a worrying picture for the domestic steel industry, particularly for the wire rod segment, a type of steel used mainly in the production of wire mesh, nails and springs, as well as...
European Union Prepares To React To New U.S. Duties
European Union trade ministries will meet on Monday, April 7, to discuss a coordinated response to new reciprocal tariffs imposed by the United States, following the announcement made by the White House last April 2 -- a day Washington dubbed “Liberation Day.”...
Oil Prices In Free Fall Due To Trade Tensions And Opec+’s Decision To Increase Production
Last week saw a dramatic collapse in crude oil prices, with a loss of more than 10.5 percent, driven by two main factors: the escalating global trade wars and the surprising decision by the Organization of Petroleum Exporting Countries and its allies (OPEC+) to...