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Cast iron and steel: Chinese production will mark a modest rebound in early August
China's daily production of pig iron and crude steel may see a modest rebound in early August, following July's decline, thanks to some steel mills' increased output due to the recent improvement in profit margins. However, most steel mills are wary of the margin...
Steel: the European hollow sections market is flat
Prices for steel hollow sections in Europe were unchanged in the week to Wednesday, Aug. 3, with market activity likely to remain stagnant until the end of the summer vacations. The weekly valuation for steel sections delivered to southern Europe was 1,140 -1,180...
Global recession affects steel demand and raw material prices
According to Turkish producer of rolled and profiled steel Kocaer Celik, recession concerns are driving down global steel demand and raw material prices, while the war in Ukraine is lowering prices by changing trade routes. Due to sanctions, supplies from these...
Steel: U.S. targets Russian producer MMK
The United States has targeted Russian steelmaker MMK and its majority owner Viktor Filippovich Rashnikov. MMK is one of the largest integrated steel producers in Russia and operates throughout the steel production chain. The Treasury Department stated that the steel...