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HRC steel: recovery of Italian demand supports prices
Italian coil prices increased in the last week (796 euros/ton +2.97 percent) compared to the previous survey. This is despite the fact that some Italian coil producers have increased their values by 40 euro/ton, mainly due to higher production costs. Service centers...
Energy transition: $10 trillion investment needed for Goldman Sachs
According to Goldman Sachs, 10 trillion euros ($10.24 trillion) of investment will be needed for Europe's energy transition by 2050, which can be fully recovered through savings from net energy imports. Investment will accelerate and peak by 2035, driven largely by...
Refined tin: Chinese imports down in June
China's imports of refined tin halved in June as wide arbitrage disappeared in the face of weaker demand for the metal. In September 2021, prices on the SHFE surpassed those on the LME to open up import arbitrage, favoring the metal's entry into China. During this...
Aluminum: Romanian producer Alro closes refinery due to “prohibitive” energy prices
Romanian company Alro, one of the largest vertically integrated aluminum producers in Europe by production capacity, announced that due to high costs and poor energy availability, it is forced to change its vertical integration strategy and adapt to the new and...