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Steel: JSW Steel’s production grew 14 percent in July
JSW Steel reported crude steel production for July 2022 at 15.69 million tons compared to 13.82 million tons in July 2021, registering a 14 percent year-on-year growth. Flat rolled steel production increased by 15 percent to 10.72 tons, while long rolled steel...
Carbon: India is close to creating a local market by banning export credits
On August 8, India's lower house of parliament, the Lok Sabha, passed a bill to create a national carbon market; Electricity and Renewable Energy Minister Raj Kumar Singh said carbon credits would not be allowed to be exported. No details were given on when the ban...
Steel: German mills offer further discounts to secure summer volumes
Hot-rolled coil prices in Northern Europe continued to fall Aug. 8 as German steel mills offered discounts on official bids to secure volumes over the vacation period. Hot-rolled coil in Northwest Europe (HRC) stood at 806.50 euros/mt on Aug. 8, down 3 euros/mt from a...
Steel/wire rod: Italian prices settling down
The Italian wire rod market is calming down due to the closure of the industry for the August break. Prices recovered toward the end of July, and sales improved in the last two weeks of the month and early August. Sellers have noticed some return of apparent demand in...