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Fitch says steel markets will normalize in 2023, China aside
International credit rating agency Fitch Ratings said the global steel sector will not fully recover in 2023 due to lower consumption in the second half of this year. The slowdown in the global economy has ended the exceptionally high prices caused by the explosion in...
Semi-finished products: export increase for Ukraine
According to data from Ukrainian customs authorities, Ukraine shipped 89,700 tons of semi-finished products abroad in November this year, which is 30% more on a monthly basis. At the same time, the year-on-year decline was huge, at 76 percent. Since the start of the...
HRC steel: European buyers question sustainability of current rebound
According to market sources, some European buyers on Dec. 14 expressed concern about the rebound in hot-rolled coil prices, which may not be sustainable after the end of stocks. The recovery in domestic coil prices began in early December as distributors returned to...
Aluminum: Chinese production increases in November due to easing of energy controls
China's primary aluminum production in November increased 9.4 percent year-on-year, thanks to the easing of energy restrictions that allowed some regions to increase production and the commissioning of new smelters. The world's top aluminum producer churned out 3.41...