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Critical minerals: Pentagon plans AI-based programme to estimate prices
The US Department of Defence plans to develop an AI-powered programme to estimate prices and forecast supplies of nickel, cobalt and other critical minerals, an initiative that aims to increase market transparency but throws up a new, uncertain variable in global...
Cogne Acciai Speciali acquires majority stake in Com.Steel
Cogne Acciai Speciali, an Italian manufacturer of stainless long products, announced that it has signed an agreement to acquire a 65% controlling stake in the stainless scrap business of Com.Steel, an Italian metal recycler, and Com.Steel Inox. The transaction is...
Stainless steel: imports to Russia increased by 30.8% in 2023
According to a statement by Russia-based SpetsStal Association, the country's stainless steel imports exceeded 486,000 tonnes in 2023, an increase of 30.8% year-on-year. During this period, imports of cold-rolled stainless steel increased by 31.1%, hot-rolled...
European Commission extends CBAM reporting deadline by 30 days
The European Commission announced that it has given registrants an additional 30 days from 1 February to submit their reports, as many importers are experiencing difficulties in reporting emissions under the Carbon Border Adjustment Mechanism (CBAM) due to technical...