European steelmakers restart blast furnaces after shutdowns as coil prices rise
January 10, 2024 Comments Off
The first quarter of 2024 is kicking off with European steelmakers slowly resuming production, suspended since mid-2023 to maintain subdued steel prices. In their attempt to end the downtrend in the European coil market, caused by low demand, competitive imports and sufficient stocks among distributors, steelmakers reduced production and some temporarily closed blast furnaces. This helped to achieve the price…
European steelmakers restart blast furnaces after shutdowns as coil prices rise
The first quarter of 2024 is kicking off with European steelmakers slowly resuming production, suspended since mid-2023 to maintain subdued steel prices. In their attempt to end the downtrend in the European coil market, caused by low demand, competitive imports and sufficient stocks among distributors, steelmakers reduced production and some temporarily closed blast furnaces. This helped to achieve the price…
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