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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...
Stainless steel: global production up 2.5% in the first nine months of 2023
According to preliminary data released by the International Stainless Steel Forum (ISSF), global crude stainless steel production increased by 2.2% quarter-on-quarter to 14.73 million tonnes in the third quarter of last year, and by 2.5% in the first nine months of...
Pig iron: Salzgitter’s upgraded blast furnace is ready to produce 2 million tonnes
The German steel group Salzgitter recently inaugurated blast furnace A at its Flachstahl plant in Lower Saxony, enabling it to produce up to 2 million tonnes of cast iron. This came after the company completed a 100-day operation. Saltzgitter said on 3 January that...
Aluminum: the European outlook for billet premiums for 2024 is cautiously optimistic
After a sustained decline in 2023 in the European aluminum billet market, market sources expressed cautious optimism after the close of a delayed trading period for sellers. Throughout the fourth quarter of 2023, sellers noted continued hesitation on the part of...