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Hrc steel: Northern European producers cut prices to close deals
Northern European steel producers lowered prices for hot-rolled coils on 15 June in an attempt to stimulate buying activity in a slow market. HRC in Northern Europe was valued at 900 euro/ton ex-works. Few transactions were reported at EUR 900/tonne ex-works. Market...
Caustic soda: Westlake declares force majeure on US chlor-alkali
Westlake declared force majeure on chlorine and all types of caustic soda in its US system. Westlake's chlor-alkali production 'was directly and adversely impacted by sudden and unforeseen failures of critical processing equipment. These equipment failures disrupted...
China’s steel production increased by 4% in May
China produced 4.1 per cent more crude steel in May than the previous month, thanks to a gradual reduction in disruptions due to the COVID-19 blockade across the country and a recovery in demand from steel mills. The world's largest steel producer produced 96.61...
Steel: Brazilian product prices weaken in June due to falling demand
Sentiment on Brazilian finished steel prices weakened in June due to slowing demand and falling commodity prices to pre-war levels between Russia and Ukraine. A survey of Brazilian producers, distributors, traders and end-customers conducted in early June showed that...