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Steel: ArcelorMittal removes Russian products from the supply chain
ArcelorMittal SA, Europe's largest steel producer, has removed Russian raw materials from its supply chain after the invasion of Ukraine. Governments and companies across Europe are trying to reduce their dependence on Russia, driving up energy and raw material...
Zinc: Nyrstar’s Auby smelter resumes production at reduced rate
Auby's Nyrstar zinc operations in northern France will resume production at reduced capacity in the coming weeks after being placed on "care and maintenance" status in January in response to high energy prices. Production cuts in Europe, supply concerns and shortages...
Steel: European prices reach new record high on prospect of Russian ban
European steel prices have hit a new record as Brussels prepares to ban imports from Russia as part of further sanctions, threatening to further reduce supply. Reference prices for hot rolled coil in Northern Europe (HRC Europe) jumped 10% to $1,545/mt. Rebar prices...
Heart of metals’ confidence falters for London Metal Exchange
The first squeeze that plunged the London Metal Exchange into an existential crisis occurred more than a century ago. In 1887, French industrialist Pierre Secretan cornered the copper market, causing prices to double first before taking profits, causing the market to...