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Steel: an unprecedented increase also for the Egyptian market
Three of Egypt’s largest steel producers have announced that they have raised prices by up to 17%, or around LE 3,000 per tonne (EUR 150/mt), in what would appear to be the largest steel price increase in Egypt’s history. Ezz Steel, Egyptian Steel and Suez...
Steel: Nippon Steel buys majority shares in two Thai producers
Japan's Nippon Steel Corp has completed the acquisition of majority stakes in two electric arc furnace steel producers in Thailand, paying around $477m in total. The company, Japan's largest steel producer, had said in January that it would buy Thai steelmakers G...
Aluminium: Alcoa’s Intalco Works smelter gets a boost after price hike
In April 2020, Alcoa announced the suspension of its Ferndale smelter in Washington, following falling demand and lower metal prices. However, war sanctions against Russia, which drove the price of aluminium to a record high, boosted the campaign to reopen Alcoa's...
Lme: UK financial regulators review chaotic nickel crash
British financial regulators reported today that they would review the way the London Metal Exchange handled the nickel shutdown last month, pointing out that the episode opened up questions about the LME's transparency. The exchange, the world's oldest and largest...