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Steel production in Italy resumes: +2.2% in October, signs of recovery for long products, suffering for flat products
In October, the Italian steel industry showed signs of recovery after September's difficulties, returning to year-on-year growth. Domestic steel mills produced a total of 2 million tonnes (Mt) of steel, marking an increase of 2.2% compared to October 2023. However, in...
European Commission Autumn Economic Forecast: An Analysis of the Coming Years
The European Commission (EC), in its autumn report, paints an economic picture of light and shadow for the European Union and the euro area in the coming years. GDP growth is projected to moderate in 2024, followed by an acceleration in 2025 and 2026, while inflation...
The Rebirth of British Steel: New Resources and Challenges for Scunthorpe Plant Sustainability
At the heart of the industrial transition to sustainability, British Steel recently announced a major acquisition of natural resources to secure production at its Scunthorpe plant until 2025. This development comes at a critical time, amid negotiations with the UK...
LME Scrap Future: Increased Volumes and Forecast Recovery
Scrap Future contracts saw a surge in trading volumes, rising from 117,340 tonnes in the week ending 7 November to 199,320 tonnes in the following week ending 14 November. This increase shows renewed interest from traders, despite a weekly drop in the spot price of...