Currently, orders for rolled metal products for the production of household appliances date back to the beginning of 2022. The European Union has a huge demand for metal products, and the supply is limited due to the shutdown of the furnaces, and at the same time, a strange situation in which there are still very competitive prices for Asian steel, which are usually higher than prices in Europe.
The steel market all over the world has gone crazy. Traders have not faced such a situation for several years. Demand is huge and factories have a full backlog of orders until at least the end of the second quarter. The earliest orders for some materials, for example, for the production of household appliances in the EU, date back to early 2022. The demand for stainless steel is huge and the factories have a full backlog of orders.
Strange market situation: in Asia steel is more expensive than in Europe
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