Loading
Ferrous scrap: German market expects price drop in May
German scrap prices remained stable in April. However, most sources expect prices to fall in May, although uncertainty continues to affect the market. Nationwide average prices for old and thick E3 scrap stood at 550 euro/ton. The price of shredded E40 scrap reached...
Steel: EU suspends trade barriers on Ukraine
The European Commission proposed on Wednesday the suspension of all trade barriers against steel imports from Ukraine for a period of one year, to support the country during its ongoing war with Russia. The proposal needs to be ratified by the European Parliament, but...
China will increase infrastructure construction
According to a high-level economic meeting chaired by President Xi Jinping on 26 April, the Chinese government will promote the creation of infrastructure to stimulate domestic economic and social development. The meeting of the Central Commission for Economic and...
Nickel: global demand to rise to 3.02 million tonnes in 2022
Global nickel demand is expected to increase to 3.02 million tonnes in 2022 from 2.78 million tonnes in 2021, according to the International Nickel Study Group (INSG). Global nickel production is expected to rise to 3.08 million tonnes in 2022 from 2.61 million tonnes...