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Russian metal exports fall as sanctions hit commodity financing
Russia's industrial metal exports are plunging as the invasion of Ukraine pushes commodity buyers and financiers to retreat. The nation's major steel producers have seen exports fall since the incursion began, just as nickel shipments have been hit. While the response...
Iron ore: Ferrexpo suspends exports to Ukrainian port
Ferrexpo reported Friday that it has sent force majeure notices to some customers with the suspension of iron ore exports to the port of Pivdennyi in southwest Ukraine, a day after Russian forces invaded the country. The London-listed company, which produces iron ore...
Steel: crude steel production in January 2022
Global crude steel production for the 64 countries reporting to the World Steel Association (Worldsteel) was 155.0 million tons (Mt) in January 2022, down 6.1% from January 2021 and a 2.33% month-over-month decline. Africa produced 1.2 Mt in January 2022, up 3.3% from...
Nickel: Vale expects Russia-Ukraine conflict to affect price
Executives at miner Vale reported Friday that the Russian invasion of Ukraine has led to speculation on the price of nickel, and they expect the conflict to affect the price of iron ore pellets as well. Shares of the mining company fell 1.5% after the company released...