EU flat steel producers expected to trim Q4 output to balance supply, demand

Further reductions in EU steelmaking capacity are expected in the fourth quarter of 2023, when mills attempt to rebalance the oversupplied HRC market, sources told Fastmarkets on Tuesday September 26.

European flat steel prices have been under pressure from a lack of demand in recent weeks, with buyers abstaining from making purchases amid slow downstream sales and bearish expectations.



Julia Bolotova

September 26, 2023

16:43 GMT