EU coil market ‘chaos’ shakes product price spreads
The veritable chaos seen in the European steel market over the past three weeks has shaken some customary relationships between product groups. The latest semi-official announcement by the market leader last week still seemed to reflect familiar price premiums. With hot rolled coil offered at €1,400/tonne ($1,548) ex-works, cold rolled coil was set at €1,500,
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Iron ore tops $150, exports lift steel output
Seaborne iron ore prices jumped again on Friday as Chinese mills continue to ramp up production despite slow domestic steel demand. Increasing steel export opportunities are giving mills confidence to hike production despite a slow domestic market. The Kallanish KORE 62% Fe index gained $7.57/t to $150.38/dry metric tonne cfr Qingdao. The Kallanish KORE 65%
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Czech output returns to pre-Covid level, exports grow
Czech domestic steel production in 2021 was able to offset losses from the previous year due to a huge increase in demand in the first half of the year. Crude steel output rose 9% on-year to 4.7 million tonnes, exceeding 2019 production. Long and flat steel output totalled 3.1mt and 1.1mt respectively. Pipe output recorded
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Salzgitter announces new group structure
Salzgitter is regrouping its business activities, effective 1 April, Kallanish learns from the German company. Steelmaking and processing activities are to be reconstituted under the new “Steel Production” and “Steel Processing” business units, respectively, “in line with value-added and customer requirements”, Salzgitter states. “The subsidiaries essentially participating in our SALCOS (SAlzgitter Low CO2 Steelmaking) programme are to
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Spanish transport disruption impacts steel industry: Unesid
The Spanish steel sector has expressed concern over road transport disruption that has persisted since Monday and is seriously impacting the steel industry, Kallanish notes. Most large domestic logistics companies stopped their services at the beginning of the week due to higher oil and gas prices. Transport associations are not accepting strike action and have called for
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NEWS
- Steel to comprise 40% hydrogen 2050 demand: BP January 31, 2023
- French construction sector outlook deteriorates January 31, 2023
- Spain’s Megasa upgrades Zaragoza merchant bar mill January 31, 2023
- Benelux scrap recovers, supply issues continue January 31, 2023
- SSAB reignition of Raahe BF adds to January furnace restarts across Europe January 31, 2023
- Latest European steel HRC offer prices unsustainable, buyers say January 31, 2023
- Spain’s 2022 car production improves, outlook uncertain January 30, 2023
- SSAB restarts blast furnace at Raahe January 30, 2023
- Semiconductors could hurt automotive output until 2026: VDA January 30, 2023
- Strong demand returns for Italian HRC January 30, 2023
- Liberty Steel Group investigating restart of Dunaferr: union official January 30, 2023
- Demand for heavy plate up in Italy, mills aim for higher prices January 30, 2023
- Subdued trading keeps steel rebar prices flat in Poland January 30, 2023
- Manni Group announces the sudden death of Giuseppe Manni January 27, 2023
- Rebar trading activity slows in Italy and Spain; price direction uncertain January 27, 2023
- European buyers resist higher CRC, HDG offers January 27, 2023
- Global hydrogen investment triples, Europe lags behind: BNEF January 27, 2023
- Green Steel initiative encourages partners’ decarbonisation: Swiss Steel January 27, 2023
- Voestalpine acquires Swiss bright bar firm January 27, 2023
- Eurofer joins WindEurope in raw materials access lobbying January 27, 2023
- EU coil mills prefer shorter contract periods January 27, 2023
- EUROMETAL visited 2 warehouses in Belgium January 27, 2023
- KPMG: Agenda 2023 du conseil d’administration January 26, 2023
- EUROMETAL was at SEPEM Industries 2023 in Douai January 26, 2023
- US Steel Kosice BF restart concerns EU flat steel market January 26, 2023
- Acciaierie d’Italia strikes steel, wind energy exchange partnership January 26, 2023
- German industry compares technology transition to open-heart surgery January 26, 2023
- Decarbonisation investments should remain in EU: German steelmakers January 26, 2023
- French electrolyzer McPhy grows order book, secures German steel project January 26, 2023
- Liberty Liege attracts attention of several buyers: administrator January 26, 2023
- European hot-rolled coil prices inch up on limited availability January 26, 2023
- EU CRC and HDG prices rise on domestic mills’ strong orderbooks January 26, 2023
- EUROMETAL at ArcelorMital’s SSC and Stockholding facilities in Reims January 25, 2023
- Romanian steel pipe group sold by Russian owner to Serbian investment company January 24, 2023
- Germany’s 2022 crude steel output drops 8.4% on year; Dec tumbles 14.6%: WV Stahl January 24, 2023
- Germany’s scrap exports, imports continue to fall January 24, 2023
- ArcelorMittal Spain’s hybrid EAF project awaits EC approval January 24, 2023
- Liberty Liege attracts buyers’ interest, Dudelange remains idled January 24, 2023
- Italian steelmakers boost collaboration for DRI January 24, 2023
- European welded tube prices increase January 24, 2023
- Northwest European coil market enters standoff January 24, 2023
- European heavy plate prices rise on increased demand, slab costs January 24, 2023
- Steel trade case monitor for December 2022 January 24, 2023
- Voraussichtliche Meldepflichten ab 01. Oktober 2023: Was bedeutet CBAM für Unternehmen? January 23, 2023
- Jan-Nov HDG exports drop 34% on year amid antidumping duty, low demand January 23, 2023
- 2023: Kein Déjà-vu am Stahlmarkt January 23, 2023
- SMS proposes ‘EasyMelt’ syngas furnaces for cleaner steel January 23, 2023
- Sarralle launches hydrogen ladle heater in Spain January 23, 2023
- UK government prepares British Steel aid package: reports January 23, 2023
- Saarland mills launch label for green steel January 23, 2023
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Latest News
- Steel to comprise 40% hydrogen 2050 demand: BP
- French construction sector outlook deteriorates
- Spain’s Megasa upgrades Zaragoza merchant bar mill
- Benelux scrap recovers, supply issues continue
- SSAB reignition of Raahe BF adds to January furnace restarts across Europe
- Latest European steel HRC offer prices unsustainable, buyers say
- Spain’s 2022 car production improves, outlook uncertain
- SSAB restarts blast furnace at Raahe