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Global Steel Production Falling: The Middle East Leads The Slowdown Between War, Interrupted Supply Chains And Rising Prices
Global crude steel production recorded a new retreat in April 2026, confirming a slowdown phase that crosses much of global steelmaking. According to data from the World Steel Association, total production of the 69 monitored countries was 153.4 million tonnes, down...
Tenaris Strengthens in Canada: Over $300 Million Canadian to Modernize OCTG in Ontario
Tenaris S.A., producer of OCTG pipes based in Luxembourg, announced an investment of more than 300 million Canadian dollars to modernize its steel plant in Sault Ste. Marie, Ontario, with the objective of strengthening its position in the Canadian energy sector and...
European Aluminium Premium In A Phase Of Weakness: Backwardation Pushes Destocking In Rotterdam
The European P1020A duty-paid aluminium premium in Rotterdam has started to show the first signs of weakening, in a market increasingly conditioned by backwardation on the London Metal Exchange. The differential between cash and three months is incentivizing operators...
SHFE Metals Rising: Nickel Leads The Recovery Between Indonesia, Sulphur And Risk Premiums
Base metals listed on the Shanghai Futures Exchange showed a mostly positive trend in the morning of Wednesday May 27, with nickel the absolute protagonist of the rebound. After the weakness recorded in the previous session, the market found support again thanks to a...