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Steel: Nippon Steel increases additional sheet metal costs by 30 percent
Nippon Steel has decided to adjust its additional costs for steel sheets by 30 percent and aims to complete the adjustment by the end of September. Nippon Steel has also begun negotiations with general contractors and construction material rental companies. Nippon...
Nickel: Bindura Nickel Corporation’s production drops 24 percent
Bindura Nickel Corporation's (BNC) nickel production for April-June 2022 was 24% lower than the same period last year, mainly due to low-grade ore processed. In addition, the tons of ore mined in the quarter increased by 13 percent compared to the same period, due to...
Italy could inject 1 billion euros into Acciaierie d’Italia
Economic Development Minister Giancarlo Giorgetti announced that the Italian government could inject between 500 million euros ($509 million) and 1 billion euros into the ailing Acciaierie d'Italia, formerly Ilva. The funds will be released through the new "Aiuti Bis"...
Nickel: Indonesian tax will shake up export mix again
Indonesia is planning to reshape the global nickel market again. The country is the world's largest and fastest-growing nickel producer, used for both stainless steel and electric vehicle (EV) batteries. The country banned the export of nickel ore in 2020, forcing the...