European steel market for a period of time because of a variety of factors, transaction is not active. Unprecedented energy costs are putting increasing pressure on steel prices, while weakness in key steel consumer sectors and inflationary pressures are eating into the profits of Europe’s biggest mills. High inflation severely affected financing, financial pressure increased, European steel mills forced to close, even into recession. Arcelormittal, for example, has had to close plants because of costs, even though it is seeking ways to reduce energy consumption. Perhaps in the future, more and more steel mills will move to countries with lower production costs in response to potential energy or raw material shortages and uncertainty about future economic conditions. For example, the manufacturing cost of Poland is about 20% lower than that of Germany. In the Asia-Pacific economy, India and Indonesia also have competitive advantages compared with other countries. For now, energy costs remain the top priority and shutdowns are expected to continue until the macro economy stabilises and improves.