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FerroAlloy: the raw material shortages and HBI costs hit Italian steel companies
According to the monthly report released by Assofermet, Italian demand for hot briquetted iron is falling due to skyrocketing prices since the start of the war in Ukraine. High HBI values have made the raw material uncompetitive compared to scrap. The supply of...
Steel: ArcelorMittal Kryvyi Rih decreases production in March
ArcelorMittal Kryvyi Rih (AMKR) has decreased crude steel production in the first quarter due to the plant's closure in March after the Russian invasion of Ukraine. Steel production fell 22.5% year-on-year to 930,000 tonnes. Production of pig iron fell 27% to 1...
Steel: use of EU safeguard quotas confirms slowdown in imports
EU imports of steel products subject to safeguard measures slowed down in the first days of the second quarter. During the first eight days of April, when the new safeguard quotas became available for the quarter, EU customs cleared about 2.4 million tonnes of steel....
Palm oil: price slows on lacklustre export prospects
After peaking in March 2022, prices fell sharply (-14.50%), with investors' attention shifted to data that signalled a decline in export shipments. Exports of Malaysian palm oil products for April 1-10 fell 20.7% compared to the same period in March. Exports this...