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Exceeding import quotas for certain products at the end of the EU quota period
As the end of the EU quota period approached between 1 July and 30 September, the import quotas for some steel products were exhausted, while those for other products exceeded 90 per cent. On the other hand, 'other countries' quotas were exceeded for 933,743 metric...
Cobalt: prices stable at around EUR 31,300/mt
Prices for cobalt used in the production of battery chemicals for electric vehicles plummeted at the end of June 2023 due to increased supplies from the main producer, the Democratic Republic of Congo (DRC). Cobalt hydroxide is produced in Congo, where it is a...
Crude steel: world production increased by 2.2 % in August
The World Steel Association announced that world crude steel production was 152.6 mt in August this year, down 3.7% for the month and up 2.2% year-on-year. In the January-August period, world crude steel production stood at 1.25 billion tonnes, up 0.2% year-on-year....
SSAB steel mill reports possible job cuts in Finland due to falling demand
Swedish steel producer SSAB will begin talks with trade unions to further modify its workforce in Finland due to continued weak demand. SSAB said that the aim of the measures at the Raahe steel mill is to cut costs by at least EUR 10 million (USD 10.6 million) per...