Loading
EC approves acquisition of Severstal Distribution by Marcegaglia
The European Commission (EU) has approved Marcegaglia's acquisition of 100% of the Latvian company SIA Severstal Distribution from its Russian parent company Severstal. The Commission concluded that the proposed acquisition does not raise competition concerns given...
Steel: EU coil producers stop taking orders
Several coil plants in northwestern Europe have left the market and are no longer accepting orders. Operators attribute this withdrawal to fires at two of ArcelorMittal Europe's plants and Tata's force majeure at Ijmuiden, which could create a product shortage. Other...
Ferrous Scrap: active domestic market but still little availability
According to the latest report published by Assofermet, the Italian scrap market remained very active in March, with steadily rising prices and good demand. Scrap availability was good, as was demand from steel mills. The mood in these early days of April is currently...
Steel: new quotas in the EU will not fill up again quickly
EU steel import quotas are unlikely to fill up quickly in the new quota period from 1 April to 30 June due to low demand in the region. Half of the EU import quotas were not filled even in the quota period from 1 January to 31 March. As in the previous quota period,...