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Steel: falling Chinese demand puts steel mills in a bad mood
Steel stocks are slowly piling up in warehouses in the country's largest steel hub, the northeastern city of Tangshan, and in Jiangsu and Shandong provinces. Demand for steel is declining due to pandemic closures and the paralysis of construction activity. Steel, a...
EU court upholds Commission’s Tata-thyssenkrupp merger ban
The General Court of the European Union has upheld the European Commission's 2019 decision that the proposed Tata Steel Europe-thyssenkrupp joint venture was incompatible with the internal market and the European Economic Area. The rejection of the merger had been...
Steel and aluminium: European Parliament’s position on CBAM affects EU competitiveness
The European Parliament's latest proposal to formalise a regional carbon market including an import control through the Carbon Border Adjustment Mechanism risks hitting the competitiveness of the EU steel and aluminium sectors and undermining their decarbonisation...
Steel: European prices fall to pre-war levels
Steel coil prices in Europe continued to fall in May and early June. Service centres and distributors refrained from buying, fearing further price declines. Steel mills sought orders in the face of reduced demand. By mid-June, coil prices in Europe had fallen to...