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Stainless steel: global production expected to increase by 1 percent this year
The risk of a global recession from the second half of 2022 onward is heightened. In the West, large increases in energy spending will reduce consumer spending, increase costs in manufacturing, and discourage investment in steel-intensive infrastructure projects. In...
Aluminum: Dutch producer Aldel halts production due to high energy prices
Dutch aluminum producer Aldel said Friday it would suspend remaining production capacity at its Farmsum plant, citing the continued rise in energy prices and lack of government support. Aldel joins a growing list of companies cutting or discontinuing European...
Japan’s Nippon Steel aims to nearly double the production capacity of its Indian unit
Japan's largest steel producer, Nippon Steel Corp, plans to nearly double crude steel production capacity at its Hazira plant in India to secure a larger share of the growing market. The expansion plan comes despite growing concerns about a global economic slowdown...
Semiconductors : shortage eases but will potentially remain until 2023
The global semiconductor shortage is showing signs of easing, which is good news for the automotive industry. However, the chip problem will likely remain until at least 2023. Although some automakers have reported that they are back to full production, most report...