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Steel: Europe-Asia spreads widen on war-driven supply concerns
The Russia-Ukraine war and the economic sanctions imposed on Russia by the European Union (EU) and G7 allies, including the US, have not only altered trade patterns and the supply/demand balance, but have also created a wide gap between steel prices in the Western...
Steel: Asian scrap prices expected to remain stable in Q2
Prices of hot-rolled coil, rebar and ferrous scrap in Asia are expected to remain stable in the second quarter, following a surge in the first quarter, as supply chains gradually recover and markets continue to assess the impact of Russia’s invasion of Ukraine....
Steel: Ukraine’s Zaporizhstal restarts production
Ukrainian mining and steel company Metinvest reported today that it is partially resuming operations at its Zaporizhstal steel plant, the group’s JV where it holds a 49.99% stake, and aims to reach 150,000 tonnes of production next month. The Zaporizhstal coil...
Coal: EU total ban on Russian product to take effect mid-August
The European Union on Thursday approved a ban on Russian coal that will take full effect from mid-August, a month later than initially proposed, following pressure from Germany to delay the measure. The phasing out of EU imports of Russian coal is the key measure in a...