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Steel: China’s struggling real estate sector and rising production offer gloomy market outlook
Property sales in China continued to decline in August, despite easing policies for homebuyers and mortgage interest rates already below 2009 levels. Steel market participants have expressed bearish views, predicting that the drag on steel demand from the real estate...
ArcelorMittal to shut down BF and sintering line at Dunkirk plant
ArcelorMittal has announced plans to close blast furnace No. 3, a sintering line, and two galvanizing lines at its plant in Dunkirk, France. The closure of blast furnace No. 3 is in addition to the temporary closure of blast furnace No. 2, which has been in effect...
Stainless steel: global production expected to increase by 1 percent this year
The risk of a global recession from the second half of 2022 onward is heightened. In the West, large increases in energy spending will reduce consumer spending, increase costs in manufacturing, and discourage investment in steel-intensive infrastructure projects. In...
Aluminum: Dutch producer Aldel halts production due to high energy prices
Dutch aluminum producer Aldel said Friday it would suspend remaining production capacity at its Farmsum plant, citing the continued rise in energy prices and lack of government support. Aldel joins a growing list of companies cutting or discontinuing European...