The weekly price assessment for domestic steel profiles for delivery to Northern Europe was €730-750 ($772-791) per tonne on Wednesday, October 25, with the price range narrowing by €10-30 per tonne from €720-780 per tonne a week earlier. On the same date, the weekly price assessment for domestic steel profiles delivered to Northern Europe was €730-750 ($772-791) per tonne, down €10-30 per tonne from €720-780 per tonne a week earlier.
According to the World Steel Association, steel demand in the European Union and the United Kingdom is forecast to decrease by 5.1 per cent overall in 2023, but growth is expected for 2024. Analysts also state that it is not for steel demand.
In the Turkish steel market, scrap raw material prices decreased and weak finished steel sales pulled the market down.
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