8,093.54 TL BIST 100 BIST 100
28.91 $ USD USD
€31.78 EUR EUR
40.73 TL Interest Interest
81.74 $ Fossil Oil Fossil Oil
24.96 $ Silver Silver
3.84 $ Copper Copper
128.44 $ Iron Ore Iron Ore
375.00 $ Ship Dismantling Ship Dismantling
1,902.73 TL Gold (gr) Gold (gr)

Salzgitter stated that an extension of EU steel safety measures is not possible

German steelmaker Salzgitter said in its latest report that EU steel safeguards are unlikely to be extended beyond the summer of 2024 and that imports will increase as a result.

Salzgitter stated that an extension of EU steel safety measures is not possible

The European Commission extended the measures by one year from June 2023.

Salzgitter said the decrease in prices in recent months was due to the deteriorating situation in the Chinese market, which has increased import pressure from other Asian countries into the EU. The volume of imports in May was over 1 million tons, the highest level since October 2021.

Salzgitter also said that trading firms prefer to keep their stocks as low as possible due to high financing and storage costs.

Demand from some end-users, including the construction sector, weakened in the first half of the fiscal year, Salzgitter said. High inflation also affected demand from other sectors, including home appliances and other consumer-related sectors.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Stocks at major South Korean steel mills rise

Wednesday, November 29, 2023

Türkiye's wire rod imports fell sharply

Wednesday, November 29, 2023

TUIK announced! Foreign trade deficit decreased by 17.5%

Wednesday, November 29, 2023

Türkiye's iron and steel sector is recovering in Europe after Africa

Wednesday, November 29, 2023

ITA evaluated the global market at the Global Steel Summit

Wednesday, November 29, 2023
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now