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Italian re-rollers update price lists
Italian re-rollers are updating their welded pipe price lists, adapting the values to the new reduced average prices of hot-rolled coils and transport costs. Many re-rollers are reducing pipe prices, but increasing and adjusting transport costs, which remain extremely...
Hrc steel: Northern European producers cut prices to close deals
Northern European steel producers lowered prices for hot-rolled coils on 15 June in an attempt to stimulate buying activity in a slow market. HRC in Northern Europe was valued at 900 euro/ton ex-works. Few transactions were reported at EUR 900/tonne ex-works. Market...
Caustic soda: Westlake declares force majeure on US chlor-alkali
Westlake declared force majeure on chlorine and all types of caustic soda in its US system. Westlake's chlor-alkali production 'was directly and adversely impacted by sudden and unforeseen failures of critical processing equipment. These equipment failures disrupted...
China’s steel production increased by 4% in May
China produced 4.1 per cent more crude steel in May than the previous month, thanks to a gradual reduction in disruptions due to the COVID-19 blockade across the country and a recovery in demand from steel mills. The world's largest steel producer produced 96.61...