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Steel: Cleveland-Cliffs expects positive demand from the U.S. automotive sector
Chief Executive Officer Lourenco Goncalves said Cleveland-Cliffs expects quarterly steel shipment volumes to reach or exceed 4 million tons in the fourth quarter and subsequent quarters due to a recovery in steel demand from the U.S. automotive sector. "We were...
Copper: China could solve Russian LME problem
China will be a key component of how the London Metal Exchange (LME) decides to solve its problem with Russia, with the possibility of the world's largest metal importer becoming the effective market of last resort. The LME faces a situation that is almost certainly...
Electrification of steel industry faces major barriers
According to the Czech and Slovak Steel Union, there is still a long way to go before hydrogen steel production takes off on an industrial scale, but electrification through the electric arc furnace is readily available. However, the availability of low-carbon...
HRC steel: European producers struggle to fill December order books
European steel producers are struggling to sell coil rolled coil (HRC) delivered this year due to low demand from distributors and end consumers. Buyers have shown little interest in coils delivered in December, due to the focus on destocking by the end of the year,...