Europe - Steel News Encyclopia
Europe extends steel import tariff for another three years
Europe has officially extended its steel import tariff for another three years. Steel prices in the EU reached their highest level ever. The reason for this price increase is the consolidation of the monopoly of steel producers in this union. This is likely to be a disappointment for steelmakers and a disappointing news for traders.
FOCUS: EU steel shortage to persist throughout 2021
The supply shortage in the European steel market, which has been driving up domestic prices since late 2020, will persist until the end of this year at the very least, market sources told Fastmarkets.
EUROPEAN WIRE ROD : Prices set to increase further in January
The European wire rod market was calm in the week ending January 6 as the holidays continued.
EUROPE BEAMS : Market braces for sharp post-holidays price increase
Beam prices rose in Europe before factories returned to the market after the New Year holidays.
DAILY STEEL SCRAP : Prices up another $12 per tonne on fresh European deal
Turkish steel mills continue to stockpile scrap shipments. Given that the increase in the price of steel products, especially billets, has also affected the price of scrap.
EUROPEAN HRC : Domestic prices continue to rise on tight supplies
Domestic hot rolled sheet prices rose in northern Europe on December 1 due to a shortage of materials.
European REBAR : Producers seek higher prices in south, north amid good demand, short supply
European rebar manufacturers are looking for high prices, citing small stocks and rising production costs.
FOCUS: EU mulls banning or restricting scrap exports in major shake-up of regulations
A fundamental change in EU waste transport regulations could lead to a total ban or control of scrap exports.
EUROPE REBAR : Price dips further in south; stable in north
Fear of quarantine and other restrictions Among the many cases of Covid-19 limit the activity of rebar purchases in southern Europe, leading to further price reductions, while in the north the prices were largely unchanged.
EUROPE BEAMS : Market sentiment negative on new Covid-19 fears
Steel beam prices in Europe have not changed this week due to the negative trend related to the Covid-19 epidemic.
the main cause of rising global steel prices
One of the most important challenges posed by the corona crisis around the world is the heavy economic impact it has had on the economies of industrialized nations.