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HRC steel: stable prices in a quiet market
European hot rolled coil (HRC) prices remained broadly stable on Monday, 20 May, with almost no trade due to public holidays in several EU states. Northern European steel mills tried to keep spot prices high ahead of negotiations with the automotive industry for the...
Steel and Aluminium: Department of Commerce Announces Review of Section 232 Tariff Exclusion Process
The US Department of Commerce's Bureau of Industry and Security (BIS) published a final rule on 17 May revising the Section 232 exclusion process for steel and aluminium imports. The changes, which will take effect on 1 July 2024, aim to refine the framework under...
Alumina: Rio Tinto declares force majeure as gas supply crisis hits Queensland refineries
Rio Tinto announced on Tuesday that it has declared force majeure on alumina shipments from its operations in Queensland, Australia, due to gas shortages. Gas supplies from Rio's Gladstone plants were significantly disrupted following a Queensland pipeline incident in...
Polymers: Price dynamics in Q3 2024
The year 2024 is so far characterised by weak demand. Basically, the European market has become oversupplied, one of the reasons being the deterioration of export possibilities for polymers produced in Europe, and the other being the stagnation or decline in European...