Due to the high price of scrap metal, some European steel mills held back and left their offer for hot rolled products (HRC) unchanged.
Statistics showed that factories in Italy and Northwest Europe did not change their proposal for HRC this week. At the same time, the price of Turkish HRC was growing rapidly in the domestic market, and buyers were looking for cheaper rolled metal around the world.
However, the price range from Turkish buyers was much lower than what European steel mills offer.
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19:00 Main metric capitalization: 577M (a year ago was 3 times more) 18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business 11:00 The program "Factory of Ideas" celebrated the 13th anniversary 10:00 "Sword" - salvation of drowning 10:00 However, while reducing coal production in the Russian market continues, the ruble will weaken and the key interest rate will decrease further. 08:00 The cost of electricity for industrial companies from July 1 will increase by more than 20% due to increased sales allowance
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