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Looming U.S. rail strike could disrupt commodity markets
Commodity markets are keeping a close eye on negotiations between U.S. railroads and unions on Sept. 13 as the deadline approaches for a strike that would restrict shipments of agricultural and energy products, causing prices to soar. Ten of the 12 major unions have...
Aluminum: Yunnan calls on manufacturers to reduce electricity consumption
China's southwestern province of Yunnan this week ordered electrolytic aluminum producers to reduce electricity consumption. Yunnan's decision is another sign that soaring energy prices are having a major impact on aluminum production worldwide, although domestic...
Metal scrap: German associations ask government to be included in energy subsidy program
The German recycling industry wants to be included in the list of sectors eligible for energy subsidies, said Bernd Meyer, head of public relations and public affairs. In a joint statement, Germany's four major recycling associations-BDE Bundesverband der Deutschen...
HRC steel: EU mills offer discounts due to low demand
HRC (Hot Rolled Coils-Northwest Europe) prices fell 1.40 percent on Sept. 12, to 803 euro/mt, with discounted volumes available from northern mills due to low demand. However, buyers have expressed doubts about the durability of the cheapest bids, as mills are...