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Steel: UK producers criticise duties claiming steel mills cannot meet demand
British manufacturers have asked the government to allow them to import more steel products without paying duties because domestic suppliers have failed to meet demand, leaving them to pay 25% duties on a key raw material. Since Britain left the European Union,...
Steel: Zaporizhstal may cut production due to logistical problems
Ukrainian flat products steel producer Zaporizhstal, partly owned by Metinvest, is considering cutting production due to significant logistical problems. The general director of the plant, Alexander Mironenko stated that 'Logistical problems have not been solved and...
Hot rolled coils: prospects for production cuts in the EU rise
With falling coil prices and worsening energy supply difficulties, steel mills will be inclined to reduce production. The shortage of orders has already caused three European mills to reduce production volumes or postpone the planned restart of production lines. In...
Nickel: JPMorgan exits saga and tycoon reduces ‘Big Short’
JPMorgan Chase & Co. no longer has any exposure to the nickel that rocked global metals markets earlier this year, after a price drop on the London Metal Exchange allowed the company at the centre of the crisis to exit its sell positions. PMorgan emerged as a...