Industry News
- Prices for hot-rolled coils in Europe fell by 2-4% m/m in May
The Chinese and US markets saw a slight increase in average prices
- Excess steel production capacity continues to weigh on global markets – OECD
By 2028, excess capacity will reach 745 million tons
- Global stainless steel production rose 2.5% y/y in Q1
China's total for the period was 9.84 million tons
- China increased exports of semi-finished products by 47.8% y/y in January–April
In April alone, the figure stood at 1.64 million tons
- The European hot-rolled coil market experienced a decline in April
Domestic prices for products fell by 1–2%, while import prices rose by 16.5%