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HRC steel: European buyers stand by waiting for prices to fall further
On Friday, 1 March, the European hot rolled coil (HRC) market continued to be characterised by sluggish trading, with small quantity bookings awaiting a further price drop. Buyers preferred to wait and expect the general downward trend recorded in February to continue...
Steel: US producers urge Congress to act with trade remedies law
The American Iron and Steel Institute is again calling on Congress to take action to update US trade remedies laws that steelmakers say have not kept pace with efforts by China and other nations to circumvent and evade import duties. In talks with lawmakers, there has...
Aluminium: Europe could clash with US if EU bans Russian metal
European and US buyers will aggressively vie for Middle Eastern aluminium if the European Union bans Russian metal in the coming months, triggering a price rise reminiscent of that of 2018 when sanctions were imposed on Rusal. The rush for aluminium from Middle...
Steel: Indian demand clashes with an influx of Chinese imports
A recent report by India's Ministry of Steel revealed that the country has become a net importer of steel for the first time this fiscal year and the fourth time in a calendar year. During this month, the country imported 587,000 tonnes of steel, while exports...