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CBAM And Chinese Steel, Limited Impact In The Short Term But Rising Costs In The Long Term
The European Union’s Carbon Border Adjustment Mechanism, better known as CBAM, could have a limited impact on Chinese steel exports in the short term, but risks becoming an increasingly relevant cost factor in the long term. This is the reading that emerged from the...
Global Flat Steel, Diverging Markets Between Weak Europe, Tight United States And India Awaiting New Cuts
The global flat steel market continues to move without a single direction, showing three very different dynamics across Europe, the United States and India. In Europe, the hot-rolled coil market remains held back by weak trading, limited demand and caution linked to...
Iron Ore Falls, Chinese Macro Data And Steel Margins Weigh
Iron ore prices closed slightly lower on Tuesday June 16, weighed down by a weaker-than-expected Chinese macroeconomic picture and growing concerns over the margins of the steel industry. The market showed a cautious tone, with operators focused above all on final...
Aughinish, Pressure On Brussels Grows To Redirect Alumina Toward Europe
The Aughinish refinery, controlled by Rusal and located in Ireland’s County Limerick, is once again at the center of the European political and industrial debate. A group of 47 members of the European Parliament belonging to different political families wrote on...