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Steel: chinese consumption falls in the first quarter of 2022
China's steel consumption fell 5% year-on-year during the first quarter of the year (Q1), partly due to a drop in demand caused by the resumption of domestic COVID-19 cases, which slowed the construction of many projects. According to Qu Xiuli, vice president of the...
Pig iron: Steel Dynamics Inc. stops imports of Russian product
A shipment of Russian pig iron bound for Mobile, Alabama, and destined for Steel Dynamics Inc. is the latest in a supply contract canceled by SDI with a declaration of "force majeure." The 56,810-ton (dwt), Marshall Islands-flagged vessel, LMZ Vega departed...
The decrease in car production in Italy continues
According to preliminary data from the National Association of Automotive Industry Chains (Anfia), Italian car production declined slightly year-over-year in February and was down significantly from 2020. Passenger car production was 39,055 units in February and...
Nickel: effects of geopolitical uncertainty and pandemic on demand
Geopolitical uncertainty and the Covid-19 pandemic could impact demand for carbon and stainless steel raw materials such as manganese and nickel in the second half of the year. A recovery in nickel demand in China is expected in the second quarter after slowing in Q1....