Loading
European Union: reached agreement on gas price cap
EU energy ministers have reached an agreement on a gas price cap of 180 euro per megawatt hour to "protect citizens from skyrocketing energy prices." The regulation, which will take effect Feb. 15, 2023, aims to limit excessive gas prices that do not reflect world...
Primary aluminum: prices close to key support
As written in yesterday's article (read here), the primary aluminum market balance closed with a deficit of 981 thousand tons. This follows a deficit of about 1.734 mln tons recorded for the entire previous year. Global aluminum production in the first ten months of...
Crude steel: U.S. production down slightly on weekly basis
It amounted to 1.627 mln net tons of U.S. crude steel production in the week ended Dec. 17, 2022. The capacity utilization rate was 72.9 percent. The data were released by the American Iron and Steel Institute (Aisi). Production in the week ended Dec. 17, 2022...
Steel bars: Chinese exports up sharply in November
In January-October, China's steel bar exports totaled 6.96 million tons, down 6.2% year-on-year, while wire rod exports totaled 1.86 million tons, down 0.2% year-on-year. China's export volume of angle/channel wire reached 3.38 million tons during the period, an...