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Nickel: the metal’s input into stainless steel will exceed 2 million tons in 2022
According to a statement by Nornickel, global stainless steel production, projected at 60 million tons in 2022, will require 2.14 million tons of primary nickel, excluding scrap. Most of the nickel will be for the production of 8.4 percent Ni-rich 300-series stainless...
Europe decides to impose temporary tariffs on chromium steel imports from China and Brazil
The European Commission has announced provisional anti-dumping duties on imported electrolytic chromium steel (ECCS) after an investigation found that imports of electrolytic chromium steel (ECCS) from China and Brazil were undercutting European industry prices. On...
Steel: EU producers accept lower prices due to low demand
Domestic prices of hot-rolled coils in Europe fell further day after day on May 23 due to weak demand and pressure from falling import offers. The price of Hot Rolled Coils - Hrc - Europe stood at 1,040 euro/ton May 23, down from the previous day's close and down 26...
Iron ore: price rises on China’s stimulus and supply concerns
Iron ore prices cheered China's decision to cut the benchmark mortgage interest rate by an unexpectedly wide margin, and several factors suggest that a new rally is just around the corner. China spot 62% iron ore jumped to 133.66 dollar/ton on May 20, up 2.17 percent...