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High energy costs and weak demand: Arvedi will temporarily stop electric furnaces
Italy's largest flat steel producer, Arvedi, is expected to halt production at its Cremona plant in the week of Sept. 19 due to high raw material costs. Arvedi restarted production in the week of Sept. 12 after a one-week interruption, while it had previously stopped...
Ferrous scrap: Chinese prices could rebound
Steel scrap prices in China are expected to strengthen in the near future as demand for scrap from steel mills is improving, while supply may remain limited due to slow scrap procurement and processing. With more independent electric furnace (EAF) mills resuming...
Steel: ArcelorMittal expects production in Europe to drop by 1.5 million tons in Q4
ArcelorMittal expects steel production in Europe to decline by about 1.5 million tons in the fourth quarter compared with the previous period, due to capacity reductions caused by weakening demand and rising energy prices. Earlier this month, the world's largest steel...
Stainless steel: demand in Europe seems to be recovering
European demand for stainless steel flat products is returning to the market after a very long lull during which prices weakened and buyers bought only small volumes. As manufacturers in Europe and the rest of the world close plants due to high energy costs, buyer...