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Tel : 0086-0371-86172891
European raw material prices continued to rise in November, with scrap steel prices rising 6.4% month on month to $382/ton in two weeks, and iron ore prices rising 8.5% to $127/ton. In addition, due to the Russia-Ukraine conflict, its energy costs remain high. In this context, although European steel companies are determined to increase their prices, it is still not enough to make up for their high production costs HDT580X+ZM steel.
The European Commission is considering extending the policy of limiting natural gas prices to 180 euros per megawatt hour. In addition, EU countries are all striving to reduce electricity costs HDT580X+ZM steel. On November 9th, the German government announced a package of support plans, which will provide 28 billion euros in energy subsidies between 2024 and 2028, with the aim of reducing the pressure on manufacturers' electricity bills over the next five years. At that time, the profits of steel companies may be repaired, and their price competitiveness will also be enhanced HDT580X+ZM steel.
