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Steel: Asian prices fall despite Hoa Phat production cuts
The steel mill will stop production at four blast furnaces in November, while another blast furnace is likely to be stopped in early December due to weak steel demand and prices. The steel mill will stop two blast furnaces at Hoa Phat Dung Quat and two at Hoa Phat Hai...
Steel: US sentiment remains bearish due to uncertainty over demand outlook
Among U.S. steel market participants, finished steel prices continued to fall during November's scrap buying week. 87.1 percent of U.S. producers, distributors, traders, and end users expected finished product prices to fall further in November, up from 74.2 percent...
Novelis: new $50 million recycling center
Atlanta-based Novelis Inc. announced that it has broken ground for construction of a new $50 million recycling center at its Ulsan Aluminum joint venture in Ulsan, South Korea. The plant is expected to be operational in 2024. With an annual casting capacity of 100,000...
Political factors push renewable energy in different directions
The war in Ukraine has so far hampered global metal trade in several countries. It has also led to the circumstances that have caused the current energy crisis in Europe. In light of this, European nations continue to increase investment in other energy sources. With...