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Tata Steel Nederland invokes force majeure for rolling mill expansion
Tata Steel Nederland invoked force majeure due to difficulties encountered during the modernisation of Rolling Mill 21. The company stated that it suffered severe interruptions during the modernisation process of cold rolling mill 21 at its steel plant in IJmuiden on...
Construction sector: Eurozone output fell by 2.5 % m/m in December
According to data published by Eurostat, the Statistical Office of the European Union, seasonally adjusted output in the construction sector fell by 2.2 per cent month-on-month and 0.4 per cent year-on-year in the European Union (EU-27) member states in December last...
Iron and steel: Turkish exports up while imports fall
According to preliminary foreign trade data compiled by the Turkish Statistical Institute (TUIK) and the Undersecretariat of Customs, Turkey's foreign trade deficit increased by 38.4 per cent in January this year compared to the same month last year, to USD 14.24...
Nickel: the market moved from deficit to surplus in 2022
The supply of nickel, a key metal element for electric vehicle (EV) batteries, exceeded demand by 112 K tonnes last year, the largest surplus since 2014. You wouldn't know it by looking at the London Metal Exchange (LME), where registered nickel stocks have fallen by...