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European HRC prices believed to have reached bottom; market expects ...
Mon, 05 Dec 2022 00:00:00 GMT
European hot-rolled coil prices were largely unchanged on Friday December 2, with market participants believing the bottom of the market had been reached, Fastmarkets heard. Fastmarkets calculated its daily steel HRC index, domestic, exw Northern Europe at 618.75 ($647.70) per tonne on Friday, up by 2.08 per tonne from 616.67 per tonne the previous

EU reviews steel import safeguards, could terminate a year earlier ...
Mon, 05 Dec 2022 00:00:00 GMT
The European Commission has initiated the review of safeguard measures concerning the import of 26 steel products to determine whether they should be terminated in mid-2023, a year earlier than planned, it said in a Dec. 2 report. The EC imposed a definitive safeguard measure on certain steel products on Jan. 31, 2019, until

EC review may mean stronger safeguards against SE Asia steel ...
Mon, 05 Dec 2022 00:00:00 GMT
The European Commission is unlikely to terminate the safeguard measures in force on steel product imports from Southeast Asian countries a year earlier than scheduled, European market sources told Fastmarkets on Friday December 2. On the contrary, restrictions could be strengthened against certain Southeast Asian nations, following an announcement by the Commission that it

French rebar market remains in limbo
Thu, 01 Dec 2022 00:00:00 GMT
The French rebar market continues to stagnate, with order intake low and buyers adopting a wait-and-see attitude. Prices are steady on last week but have lost over 100/tonne ($103) since early November. In the south of the country, particularly, values have been dragged down by competitive import offers from Spain, distributors report. The French

Demand remains flat in steel rebar markets in Italy, Spain
Thu, 01 Dec 2022 00:00:00 GMT
Market fundamentals remained weak in the Southern European rebar market in the week to Wednesday November 30.Subdued demand and an uncertain outlook continued to inhibit trading activity. Input costs such as scrap and energy prices have risen through late November. Further price declines would result in prices becoming unworkable for mills because producers would

Spanish metal workers start five-day strike
Wed, 30 Nov 2022 00:00:00 GMT
With the start-up of two new German hot-dip galvanizing lines with a joint capacity of more than 1 million tonnes/year, the galv market might see some overcapacity next year. That is a question we all are wondering about, an Austrian buyer of coil says. Any effect on market supply and prices will not be

Italian HRC hikes but uncertainty remains
Wed, 30 Nov 2022 00:00:00 GMT
Italian hot rolled coil prices are increasing by some 20/tonne ($20.9) on average compared to last week, although demand remains patchy, Kallanish hears. Italian producers are now asking for 610-630/t base ex-works. Contracts are rising to an average level of 610/t base. A large producer says its order intake is now solid after it

Italian rebar prices tick up, demand low
Fri, 25 Nov 2022 00:00:00 GMT
Italian rebar prices are see-sawing against the backdrop of poor demand and steelmakers price increases of ten days ago. Local producers pushed up values by some 70-80/tonne ($72-83) this month compared to October. The buyers who spoke to Kallanish, however, confirm they refused to purchase at increased values and one producer confirmed a new

Italian distributors see coil derivative prices increasing
Fri, 25 Nov 2022 00:00:00 GMT
The Italian distribution sector has not yet felt the positive trend of surging demand and increasing prices for hot rolled coil. Demand for all coil derivatives remains subdued this week, with sales back-to-back and seriously depressing prices, according to service centres and distributors. Some distributors stocks in Italy are said to be low and

German steel sales, stocks lower on year in October: BDS
Fri, 25 Nov 2022 00:00:00 GMT
German steel products sales in October fell 14% year on year to a 10-month low 743,703 mt while stocks were also lower, steel stockholders association BDS said Nov. 25. The fall coincided with weak end-of-year prospects for the steel market amid expectations of a decline in German GDP in the fourth quarter. Sales of

Germany's Salzgitter secures wind energy supply for 15 years
Thu, 24 Nov 2022 00:00:00 GMT
Salzgitter has secured post-2025 supply of 50 MW/year of wind-generated electricity for 15 years to power its carbon-neutral steel production due to begin on scale from the mid-2020s, the German steel group said Nov. 23. Steel coil, strip and sheet rolling mill Salzgitter Flachstahl signed a corresponding power purchase agreement with German energy company

European CRC, HDG prices inch lower; buyer look to imports
Thu, 24 Nov 2022 00:00:00 GMT
European prices for cold-rolled and hot-dip galvanized coils dropped further in the week to Wednesday November 23, with buyers in southern Europe opting for competitive imports instead, Fastmarkets heard. CRCInsufficient demand from the automotive sector as well as still-high stock levels at both steel service centers and stockholders continued to limit buying interest for

Number of European news reports: 12
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Steel industry news headlines and media reports from Europe.