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Pig iron: Salzgitter’s upgraded blast furnace is ready to produce 2 million tonnes
The German steel group Salzgitter recently inaugurated blast furnace A at its Flachstahl plant in Lower Saxony, enabling it to produce up to 2 million tonnes of cast iron. This came after the company completed a 100-day operation. Saltzgitter said on 3 January that...
Aluminum: the European outlook for billet premiums for 2024 is cautiously optimistic
After a sustained decline in 2023 in the European aluminum billet market, market sources expressed cautious optimism after the close of a delayed trading period for sellers. Throughout the fourth quarter of 2023, sellers noted continued hesitation on the part of...
Alumina: price panic is a sign of future aluminum volatility
The Shanghai Futures Exchange (ShFE) price on alumina, which sits between bauxite and metal in the primary aluminum production chain, jumped 7 percent in the last two weeks of December, reaching a high on Jan. 3 at 405.5 euros/mt. The trigger for this surge was the...
Italian authorities and ArcelorMittal fail to reach agreement on the future of Acciaierie d’Italia
The future of Acciaierie d'Italia (ADI), formerly known as Ilva, remains uncertain, as the Italian government and ArcelorMittal failed on Monday to reach an agreement on the future injection of much-needed funds to the company. At a meeting on Monday, the local...