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German transformers ever closer to the brink
Germany's steel and metal sectors are deeply alarmed by the seemingly endless rise in energy prices, which threatens to deeply disrupt the value chain. "We are in a substantial industrial crisis. Companies are reducing production. Every day we are losing added value...
Spain’s contingency plan will support steel industry
The Spanish government has assured the national steel sector that its emergency plan for the energy crisis will provide a response based on the needs of large energy consumers.This was understood after a meeting between steel producers, autonomous communities, and...
HRC steel: euro weakness supports slight price recovery
The European hot-rolled coil market recorded a brief decline for prices in $, at $810/mt (down $2.5/mt from the previous survey) while prices converted to € recovered some ground, at €812.44/mt (up 1.18%). Trading activity remained low, however, due to chronic...
Steel: POSCO has started operation of the No. 3 blast furnace in Pohang
Steel giant POSCO has started normal operations of Pohang blast furnace No. 3 and is focusing on continuing casting and rolling operations. Specifically, all blast furnaces are now in operation at the Pohang plant. On September 12, POSCO restored the steelmaking and...