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Aluminium: ALFED consults with Department of Enterprise on Red Sea supply chain disruptions
With Houthi rebels continuing to attack British cargo ships in the Red Sea, ALFED (The Aluminium Federationin UK) has consulted with the DBT to provide feedback from the UK aluminium industry on how supply chain disruptions are affecting the sector. The rising cost of...
Kazakhstan Extends Export Restrictions on Scrap
The Interdepartmental Commission for Foreign Trade Policy of Kazakhstan announced that it has extended restrictions on scrap exports to the railway checkpoints of Zhaisan, Aksu and Auyl. The decision was made due to the current shortage of raw materials to support...
Italy’s Eusider acquires Profiltubi and OMV Ventura
The Italian Eusider Group, led by the Anghileri family and already one of the most important service centres in Italy, has strengthened its presence in the steel welded tube market with the acquisition of Profiltubi and OMV Ventura. These companies, with a...
HRC steel: European market slows down with buyers waiting
Activity in the European hot rolled coil (HRC) market remained subdued on 13 February as buyers held back from stockpiling. All players have enough material in stock and the outlook for price developments is not positive, so there is no sense of urgency to conclude...