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Ferrous metals: what to expect by 2023
The past three years have seen incredible volatility in global ferrous markets due to the pandemic and its impact on economic growth, compounded by the Russian invasion of Ukraine. Steel end-users in Europe and the United States are battling inflationary pressures and...
Scrap and steel: exports and consumption down for Japan
Japan in November this year exported 501,855 tons of scrap, a volume up 4.6 percent from 479,594 tons in November 2021. The figures are from Japan's customs authorities, which said scrap exports in January-November totaled 5.86 million tons, down 13.9 percent from...
Finished steel: stocks up slightly in mid-December
The China Iron and Steel Association (CISA) reported that as of Dec. 20 this year, total national stocks of the five major finished steels in 21 major cities in China totaled 7.36 million tons, up 10,000 tons or 0.1 percent from Dec. 10. Specifically, as of Dec. 20,...
European Commission will grant Italy 1 billion euro
The European Commission has announced it will grant Italy €1 billion to help with the climate transition in the province of Taranto and the Sulcis Iglesiente region of Sardinia, promoting economic diversification and job creation in green sectors, including renewable...