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Copper: Chinese plants consider cuts after years of growth
Stung by the disappearance of profits, the country's top industrial body last week unveiled a range of options to curb oversupply, from bringing forward maintenance work to postponing new plants to cutting production altogether. Alarm bells went off following the...
Tata Steel Netherlands restarts blast furnace No 6 in IJmuiden
Tata Steel Netherlands, a subsidiary of Indian steel producer Tata Steel, restarted blast furnace No 6 in IJmuiden a few days ago. In a press release it is stated that the company intends to carry out studies to increase the production of pig iron. The furnace had...
HRC steel: European prices on the rise
Hot-rolled coil (HRC) prices increased in Northern Europe as well as in Italy, despite a mixed outlook between buyers and sellers. In Northern Europe, HRC stood at EUR 750/mt ex-works with delivery in March-April. The main concern remains weak end-user demand, and...
CBAM and safeguard complications hamper steelmaking activity
According to Assofermet, the regulatory framework of the EU's Carbon Border Adjustment Mechanism (CBAM) and the safeguard measures on steel imports are hampering the daily operations of Italian and European steel companies. The difficulties in compiling CBAM reports,...