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Italian steel mills resume operations in October thanks to new energy decree
Many Italian steel mills are restarting production thanks to a small and gradual recovery in apparent demand and a decree, called "Aiuti ter," issued to help energy-intensive companies such as steel mills and large re-rollers. Some Italian steel mills with electric...
Aluminum and nickel: possible LME ban ignites price rebound
Aluminum and nickel jumped today, with buying triggered by the possibility that the London Metal Exchange (LME) will ban the new Russian metal from the list of brands that can be delivered against the exchange's contracts. Benchmark aluminum rose more than 8.5 percent...
Steel: Ascoval will reduce production due to high energy costs
Saarstahl Ascoval in Saint-Saulve, a French subsidiary of the SHS/Saarstahl Group, plans to cut production in half starting next month due to rising energy costs. The steel mill will shut down its electric arc furnaces for a few days a week over the next three months....
Crude oil: Indonesia could absorb Russian product
Prudent feedstock selection and crude stock adjustment are crucial operational strategies for Southeast Asian refineries in times of oil price volatility, prompting Indonesia to consider processing low-cost Russian crude and intensify efforts to upgrade its facilities...