Tata Steel upgraded to Buy; Anand Rathi sees 24% upside Tata Steel jumps 3.13%, hits fresh intraday high JFE buys 25% in Kalinga Steel for ₹7,875 crore Europe steel market struggles for direction
Europe’s steel market remains in a wait-and-watch phase as rising energy and raw material costs continue to push pressure onto producers, while weak end-user demand limits the market’s ability to absorb higher prices. Geopolitical uncertainty is also weighing on sentiment, affecting both production planning and trade flows across the region. On top of that, logistics disruptions and freight volatility are adding to pricing pressure and making near-term market signals harder to read. With costs moving up but buying interest still subdued, the European steel trade is struggling to find a clear direction, leaving mills, traders and buyers cautious about the next phase of the market.
Also Read : German Steel Federation Flags Gaps in EU Industrial Accelerator Act German Study Warns EU Scrap Export Ban Could Hurt Competitiveness
The first week of July 2024 saw a modest increase in scrap prices throughout most locations, or they...
Raw Material 10-Jul-2024
The Competition Commission of India (CCI) has approved the acquisition of 15.43% shareholding by San...
Business 01-May-2024
A copper supply shortage is projected to strike the global market following the closure of First Qua...
USA 30-Jan-2024
SAIL Powers INS Arnala with Indigenous Steel The Steel Authority of India Limited (SAIL) has suppli...
Announcement 19-Jun-2025
NMDC hikes iron ore prices for May deliveries. Demand revival, tight supply trigger the increase....
Business 02-May-2025
Global iron ore shipments climbed by 5% to 751 million tonnes (MT) between January and June 2024, co...
Ferrous 05-Jul-2024