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Hrc steel: prices converge towards lower levels
The EU coil market softened further on 13 April, with EU primary producers easing supply levels and trading limited grades of material. We are indeed seeing a softening of prices, with prices settling at 1,467 dollar/ton(1,350 euro/ton), down from the 1,550 dollar/ton...
European Commission closes anti-dumping review on Severstal coils
The European Commission has terminated its review of existing anti-dumping measures on imports of hot rolled coils (Hrc) from Russia’s Severstal. The review was initiated following a complaint lodged by Eurofer last year. Now, the association has withdrawn the...
Steel: lower forecast for Japanese steel demand
According to Japan's Ministry of Economy, Trade and Industry (METI), demand for crude steel, both for domestic sales and exports, will decline by 4.2% year-on-year to 23.33 million tonnes in the April-June period. In addition, Japan's crude steel production during the...
Aluminium: Alcoa ready to restart Alumar smelter in Brazil
Alcoa has fueled the first 20 smelting tanks at its Alumar aluminium smelter in Sao Luis, Brazil, to begin operational restart of the plant. Alumar's production is expected to reach its full capacity of 447,000 mt/year by the end of the year. The Pittsburgh-based...