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Long steel: EU sources predict a price increase in the short term due to availability problems
Most market participants expect long steel prices in Europe to rise in the short term due to concerns about availability after the recent earthquakes in southeast Turkey and Syria. Long steel prices are expected to rise in a few weeks. The flow of imports will...
More delays for ArcelorMittal’s investment in Mexican mining complex
In 2021, ArcelorMittal reported that it would invest USD 150 million to increase annual capacity by 1.0 million tonnes, from 1.3 million tonnes to 2.3 million tonnes. At the time, the steel giant expected the project to be operational in the second half of 2023....
Nickel: France grants loan to SLN from Eramet to prevent its collapse
The French government has agreed to grant a EUR 40 million (USD 42.9 million) loan to SLN, the New Caledonian nickel producer controlled by mining group Eramet that is facing financial collapse. The nickel producer warned in November of a 'liquidity crisis' after...
HRC steel: the European market remains at a standstill
Steel mills kept HRC offers on the European hot-rolled coil market at a standstill on 10 February, unwilling to lower prices. Although offers on the market remain fairly stable at EUR 780-800/mt ex-works Northern Europe, with mills attempting to set prices at EUR...