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EU Steel Quotas, Numerous Allocations Already Exceeded As HRC, Coated Sheet And Pipes Face Pressure
The opening of European fourth-quarter steel quotas reveals a substantial accumulation of material awaiting customs clearance. During the first five days of the October 1–December 31 period, volumes submitted for several product and origin combinations already...
EU Steel, Construction Supports Demand With Output Forecast To Grow 1.8% In 2026
Construction remains the main source of support for European steel demand, although the recovery is progressing at a modest pace. According to EUROFER’s third-quarter Economic and Steel Market Outlook 2026-2027, construction output is expected to increase by 1.8% in...
LFP Batteries, POSCO Future M Signs With SK On: An $822 Million Agreement And Integration With Argentine Lithium
POSCO Future M has signed a 1.1 trillion won agreement, equivalent to approximately $822 million, to supply lithium iron phosphate (LFP) cathode active material to SK On. The contract, announced on October 6, covers 2027-2029 and includes an option for a further...
US Aluminium, Midwest Premium Falls As Weak Demand And Uncertainty Restrain Buying
The US primary aluminium premium has broken its recent period of stability. The P1020 premium, delivered duty paid in the Midwest, fell to 105-108 cents per pound on October 6, compared with 109-111 cents on September 29. The decline reflects a market in which softer...