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Iron ore: China’s strong imports diverge from weak steel production
Iron ore imports and domestic production of this steel raw material increased sharply in the first quarter, while crude steel production declined. This divergence poses a dilemma that can be resolved in several ways, including a reduction in iron ore imports, a boost...
HRC steel: prices in Europe have hit rock bottom
European hot-rolled steel (HRC) coil markets remained flat on Friday, April 19, with limited trading volumes. However, the downward trend in prices has slowed, and industry sources suggested that prices may have bottomed out. Reassortment activity has been modest in...
Alumina: prices will be strong in Q2 due to refinery reductions
According to market participants, the global alumina market is expected to be supported by lower production in the second quarter due to continued refinery cuts, while the latest sanctions imposed by the US and UK on Russian aluminium could cause potential disruptions...
EU CBAM will encourage other countries to introduce border levies on carbon emissions
According to the International Emissions Trading Association (IETA), the EU's introduction of a carbon border adjustment mechanism (CBAM) is prompting some countries to introduce their own border taxes, while others are considering retaliatory measures. In a report,...