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Weak Demand, International Pressures Weigh Down Global HRC Market
The European hot rolled coil (HRC) market showed signs of marked weakness on Tuesday, June 3, with customers in both Northern and Southern Europe holding off on finalising deals, citing sluggish demand and expectations of further short-term declines. One trader said:...
Democratic Republic of Congo (DRC): Towards Export Quotas for Cobalt After Temporary Halt
The Democratic Republic of Congo (DRC), the world's leading cobalt producer with a 71.4% share of global production in 2024, is preparing to abandon the current embargo on the export of cobalt hydroxide to introduce a quota system. The embargo, imposed on February 22...
Velux and Novelis Sign Multi-Year Agreement for Low-Empty Recycled Aluminum
Danish group Velux, a world leader in the production of roof windows and skylights, has signed a multi-year commercial agreement with Novelis, a global producer of rolled and recycled aluminum based in Atlanta, Georgia. The agreement, announced on June 3, provides for...
US Tariffs Under Attack: Container Freight between Asia and the US Soars
The global logistics market and supply chains have seen days of intense tension and confusion after the United States Court of International Trade (USCIT) ruled that former President Donald Trump misused the International Emergency Economic Powers Act (IEEPA) to...