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Hormuz, Oil Flows Again But The Recovery Remains Exposed To Attacks
Oil is flowing through the Strait of Hormuz again after months of severe disruption linked to the conflict between the United States and Iran. Flows have recovered a substantial share of pre-war volumes, but the recovery in cargoes does not yet coincide with a return...
ABTC Secures A Licence To Export Up To $100 Million Of Black Mass
American Battery Technology Co. (ABTC) has secured a licence from the Bureau of Industry and Security (BIS), an agency of the US Department of Commerce, to export up to $100 million of recycled black mass. The authorisation, announced by the company on October 5,...
Italian Long Steel, Lists Rise But Orders Remain Weak: Rebar And Wire Rod Squeezed Between Costs And Inventories
Italian long steel producers continue to seek price increases, but sales volumes remain modest. The market enters October with a clear gap between mills’ requests and the terms on which purchases are concluded, while users restrict orders to immediate requirements....
European Hot-Rolled Coil, Prices Rise Despite Moderate Trading: Production Problems And Import Risks Strengthen Mills
The European hot-rolled coil market, HRC, is recording increases in some regions while domestic business activity remains moderate. Production difficulties at some plants, particularly in Italy and Germany, are supporting suppliers’ price requests, without a broad...