14
Dec
13:02
European steelmaking margins to rebound in 2024: Fitch
European steelmaking margins should recover in 2024 from this year’s trough as cost pressures ease and production increases, says Fitch Ratings.
About 30 million tonnes of hot metal capacity is currently idled in Europe, including long-term idles, as mills’ margins have been pressured in the second half of this year by costs remaining high despite steel prices falling. Utilisation rates in 2023 are at below 60%, the credit rating agency observes.
Euro…
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Anonymous
Very good overview of the weekly steel market.
Anonymous