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Steel: Zaporizhstal may cut production due to logistical problems
Ukrainian flat products steel producer Zaporizhstal, partly owned by Metinvest, is considering cutting production due to significant logistical problems. The general director of the plant, Alexander Mironenko stated that 'Logistical problems have not been solved and...
Hot rolled coils: prospects for production cuts in the EU rise
With falling coil prices and worsening energy supply difficulties, steel mills will be inclined to reduce production. The shortage of orders has already caused three European mills to reduce production volumes or postpone the planned restart of production lines. In...
Nickel: JPMorgan exits saga and tycoon reduces ‘Big Short’
JPMorgan Chase & Co. no longer has any exposure to the nickel that rocked global metals markets earlier this year, after a price drop on the London Metal Exchange allowed the company at the centre of the crisis to exit its sell positions. PMorgan emerged as a...
US Steel will produce DR pellets in Minnesota and may close the Granite City steel mill
US Steel plans to build a plant dedicated to the production of DR-grade pellets at one of its two Minnesota mining sites and may end steel production at the Granite City plant. DR grade pellets will be used as feedstock for the company's growing fleet of electric arc...