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HRC steel: EU coil importers will pay first quarter safeguard taxes
Importers of hot-rolled coils in Europe (HRC) will be required to pay part of the 25 per cent safeguard duties, as the volumes currently cleared have exceeded the allocated quota for the first quarter. Similar to the fourth quarter of 2023, there are almost 1.1...
Aluminum: prices up (as expected) due to offsetting positions to falling stocks
Aluminum prices have been on an upward trend (as widely anticipated by Commodity Evolution’s research department) for the past 2 days thanks to the clearing of traders’ positions ahead of the end of the third quarter, while daily data showed falling...
Crude steel: world production increased by 2.2 % in August
The World Steel Association announced that world crude steel production was 152.6 mt in August this year, down 3.7% for the month and up 2.2% year-on-year. In the January-August period, world crude steel production stood at 1.25 billion tonnes, up 0.2% year-on-year....
Aluminium: Glencore bought low volumes from Rusal
Glencore bought only a small portion of the potential 6.9 million tonnes of aluminium it could have purchased in the 2020-2022 period under its contract with Russia’s Rusal, which could be extended to 2025. Commodities group Glencore, under pressure to stop...
