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Energy costs no longer a factor in price negotiations

Elevated energy costs, a consequence of Russia’s invasion of Ukraine, provided the catalyst for rising European steel prices earlier this year. The threat of further increases in gas and electricity prices maintained upward pressure, into the summer period. Faced with reduced demand, however, European sales values fell and continue on a downward trend. Read more at: MEPS International

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Trucking has a large appetite for steel, with about 5 metric tons of the metal in each vehicle. Roughly 23 million heavy buses, trucks and light commercial vehicles were produced worldwide in 2021, an

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