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Steel: European prices slow due to falling demand
The rapid escalation in European steel prices caused by Russia's invasion of Ukraine faltered in late April and early May. Stocks all along the supply chain were full as a result of the initial panic. Thereafter, demand slowed and several other factors contributed to...
Nickel: Horizonte starts construction of Araguia mine in Brazil
Horizonte Minerals has kicked off construction of its Araguaia nickel mine in northern Brazil, which is expected to produce 29,000 tons of the metal per year, primarily for the stainless steel market. The fully funded project will take about two years to complete and...
Scrap metal: prices may have bottomed out, according to Tom Bird
Bureau of International Recycling President Tom Bird said during a press briefing May 22 at the start of the BIR congress in Barcelona that scrap metal prices may have bottomed out after recent high volatility. Prices soared following Russia's invasion of Ukraine on...
Steel producers will benefit from EU’s removal of barriers to imports from Ukraine
The suspension of tariffs on imports of Ukrainian products was approved at a session of the European Parliament on May 19; the measure will then have to be approved by the European Council to take effect. Final approval is expected during the next Foreign Affairs...