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European steel mills restart blast furnaces after shutdown as coil prices rise
The first quarter of 2024 opens with the slow resumption of production by European steel mills, which had been suspended since mid-2023 to keep steel prices low. In an attempt to put an end to the negative trend in the European coil market, caused by low demand,...
Equador: the country strengthens security in mines and ports
Ecuador's government tightened security at mines, ports and power lines on 10 January, as the country struggles to control a crime wave that has left at least 10 people dead. On 9 January, gunmen linked to drug trafficking bombed police stations and stormed facilities...
Alumina: Alcoa will reduce production at the Kwinana refinery in a phased shutdown
Aluminium producer Alcoa on Tuesday confirmed plans to halt production at its loss-making Kwinana refinery in Western Australia after more than 60 years of operation. The company cited difficult market conditions and the age of the plant as the main reasons behind the...
HRC steel: ArcelorMittal increases coil prices by EUR 50/mt
Europe's largest steel producer, ArcelorMittal, has increased the price for hot rolled coils (HRC) by €50/mt due to limited import possibilities and low domestic supply. The company is now offering EUR 800/tonne for HRC to buyers in north-western Europe, an increase...