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European Long Steel Stable As Italian Increases Fail The Market Test
European domestic long steel prices remained unchanged in the week ending Wednesday September 9. Attempts by Italian mills to obtain increases, motivated by rising energy and gas costs, did not find sufficient support in transactions. The market continues to be...
South American Flat Steel: Prices Stable Amid High Inventories And Vietnamese Risks
South American flat steel import prices remained unchanged in the week ending Friday September 4. Weak demand, still-elevated inventories and increasingly restrictive credit conditions kept buyers on the sidelines, despite the first signs of tension emerging from...
US Flat Steel: Domestic Shortage Pushes Import Prices Higher
US import prices for hot-rolled coil, cold-rolled coil and steel plate increased on Wednesday September 9. The quotations are being supported not only by the cost of foreign material, but above all by the persistent shortage of steel available in the domestic spot...
Black Sea Paralyzed: Steel Exports Seek An Alternative Route Through The Baltic
Seaborne trading in the Black Sea has almost completely dried up following the intensification of the war between Russia and Ukraine during the summer. Attacks on port infrastructure and merchant vessels have paralyzed some of the region’s main routes, preventing the...