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London Metal Exchange (LME) will be closed on 2 May 2022 for the Early May Bank Holiday
The London Metal Exchange (LME) will be closed on 2 May 2022 for the Early May Bank Holiday. Trading will resume as normal on 3 May. The Shanghai Stock Exchange will also be closed on 2-3-4 May 2022 (Labour Day). Trading will resume as normal on 5 May...
Steel: China accelerates the pace of EAF capacity development
China has accelerated the pace of steel capacity development based on electric arc furnaces in 2022 to mark the growing efforts of the steel industry, which is steadily aligning with the country’s high decarbonisation targets. The country has approved the...
Hot-rolled coils: European prices fall due to oversupply
Hot-rolled coil prices in Europe have fallen and market players are increasingly convinced that the market is set to decline significantly. While several mills have offered coils at €1,300/mt exw, some offers have been as low as €1,280/mt exw. Despite this, most...
Steel: EU suspends trade barriers on Ukraine
The European Commission proposed on Wednesday the suspension of all trade barriers against steel imports from Ukraine for a period of one year, to support the country during its ongoing war with Russia. The proposal needs to be ratified by the European Parliament, but...