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Prices Fall, Uncertainty Amid Spot Market in Europe for Hot Rolled Steel (HRC)
The European hot rolled steel (HRC) market continues to show signs of weakness, with prices gradually declining and real demand still lacking. The combination of diverging expectations among buyers and sellers and the absence of significant volumes has kept...
Falling Demand and Price Pressure for Rebar in Italy
The Italian market for reinforcing bar is going through a phase of weakness, marked by a slowdown in demand that has generated increasing competitive pressure among producers. This context has led to a progressive decline in prices, which in the last seven days have...
China Towards 2025 Steel Production Cut, But Many Unknowns Remain
China is moving forward with plans to reduce its annual crude steel production in 2025, but the actual implementation of these cuts remains uncertain, at least in the first half of the year. Some producers have received official or verbal guidance from local...
Asia’s PET Prices Rise Sharply Amid Rising Supply Chain Costs
PET (polyethylene terephthalate) prices rose sharply across Asia last week, according to multiple industry sources. One Asian industry player explained that the price surge was the result of a combination of interconnected factors. The first of these was higher...