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Prysmian forgoes construction of U.S. offshore wind plant: focus on European market
Prysmian Group, the world's leading cable manufacturer and a major player in transmission for offshore wind power, has decided to abandon plans to build a plant in the United States dedicated to the production of cables for offshore wind farms. The decision, announced...
Precious and Industrial Metals: Markets’ Reactions to Donald Trump’s Inauguration
The day of Donald Trump's inauguration as president of the United States saw significant movements in the commodities markets, with copper and gold showing rises in response to news regarding the new administration's trade policies. Gold, which has always been...
Italy’s Steel Sector in 2024: A Year in Contraction with Signs of Differentiation between Long and Flat
According to data compiled by Federacciai, total steel production in Italy in 2024 reached 20.0 million tons (mt), marking a 5.0 percent decrease from the previous year. In December, in particular, there was a year-on-year decline of 8.8 percent, with monthly...
Growing pressure in the global steel market: economic and political uncertainties awaiting answers
The global market for long steel products continues to face increasing pressure, with signs of rising uncertainties. There is still no positive news from China, while worldwide demand remains weak, market protection measures are intensifying, and excess production...