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Steel: European steel mills cut production due to weak demand
Several European steel mills have decided to cut production, shutting down blast furnaces during the summer period, in the face of still weak steel demand. Automobile manufacturers have consumed less steel due to lower car production rates caused by component...
Turkish HRC steel: Turkish exports are down due to lower EU demand
According to the latest data from the Turkish Statistical Institute, Turkish exports of hot-rolled coils dropped 7 percent year-on-year to 1.02 million tons in the first half of 2022 due to lower demand from the EU. Egypt was the main export destination in the first...
Nickel: prices falling with weak demand for stainless steel
According to French mining group Eramet, nickel and ferronickel prices are seen declining in the second half of the year, despite expected favorable seasonality. The market will be affected by strong negative external economic factors. Nickel prices on the London...
Steel: Ukraine’s production decreased by 38 percent between January-July 2022
According to the report published by the national steel producers' union Ukrmetallurgprom on Tuesday, Aug. 9, Ukraine's crude steel production plummeted 37.9 percent in January-July 2022 to just 4.52 million tons, due to Russia's unprovoked invasion of the country...