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Steel: new supplies expected on the market
ArcelorMittal has announced that it will invest €300 million in the construction of a new steel unit at its Mardyck site in northern France. The plant , which will come on stream in 2024, will have an annual production capacity of up to 200,000 tons of high-strength...
Steel: chinese consumption falls in the first quarter of 2022
China's steel consumption fell 5% year-on-year during the first quarter of the year (Q1), partly due to a drop in demand caused by the resumption of domestic COVID-19 cases, which slowed the construction of many projects. According to Qu Xiuli, vice president of the...
Pig iron: Steel Dynamics Inc. stops imports of Russian product
A shipment of Russian pig iron bound for Mobile, Alabama, and destined for Steel Dynamics Inc. is the latest in a supply contract canceled by SDI with a declaration of "force majeure." The 56,810-ton (dwt), Marshall Islands-flagged vessel, LMZ Vega departed...
The decrease in car production in Italy continues
According to preliminary data from the National Association of Automotive Industry Chains (Anfia), Italian car production declined slightly year-over-year in February and was down significantly from 2020. Passenger car production was 39,055 units in February and...