For some weeks, HRC prices have remained constant.
Since a drop in mid-May 2022, European HRC prices have been moving virtually continuously sideways for the past two weeks. The same can be said about HRC pricing in China and North America, which had already begun to correct downwards by the end of April and the beginning of May 2022.
The price of flat steel has remained much higher.
This suggests flat steel prices are anticipated to have stabilized and will likely remain above or equal to levels in December 2021.
There will be no return to
pre pandemic conditions.
"However, there will be no returning back to pre-pandemic levels," said Roberto Re, the chairman of Metinvest Western Europe. International trade restrictions are causing a structural shift that is causing pricing regionalization. Europe may witness fairly high costs in the next 3-4 years, owing to Ukraine's anticipated post-war reconstruction."
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.
