Spain saw a year-on-year fall in steel imports in 2022, in line with the global trend and overall domestic trade, says local steelmakers’ association Unesid in its latest report monitored by Kallanish. The fall was mainly the result of a reduction in imports from EU countries. These, however, represented 57% of Spanish apparent steel consumption
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Swiss-headquartered, Ukraine-based iron ore miner and pellet producer Ferrexpo increased shipments to EU countries in 2022, Kallanish notes. The EU market’s share in Ferrexpo’s sales increased 4 percentage points on-year from 23% to 27%, the company says in its 2022 report. The blockade of ports in Ukraine did not have a significant impact on transporting
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Thyssenkrupp has resumed the spin-off of its Steel division that it suspended late last year, according to press reports. The group declined to comment on what it calls “market rumours” about its spin-off plans. “The independence of the Steel division is part of thyssenkrupp’s integral strategy,” the company tells Kallanish. Market rumours and media reports
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The European coil price uptrend is seen ending in the second half of the year, various regional coil buyers and end users tell Kallanish. With European producers restarting blast furnaces in Europe, the current shortages of hot and cold rolled, as well as hot-dipped galvanised coil should ease in H2 and prices may decline or
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Long steel product prices in the Northern European domestic market have yet to fully react to the significant increases in scrap prices, sources told Fastmarkets on Wednesday March 22.Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was unchanged at €710-740 ($763-795) per tonne on Wednesday. Steel scrap prices in Germany
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