Loading
Slight Upward Trend for Scrap in Italy, But Market Remains Cautious
Over the past week, the Italian ferrous scrap market has shown signs of a slight recovery, although not accompanied by official changes in the reference price lists. Various sources in the sector have indicated that some steel mills have begun to recognize increases...
Base Metal Prices Down at SHFE, Tin Leads Losses
Major base metals listed on the Shanghai Futures Exchange (SHFE) were mostly down in the morning trading session on Tuesday, June 3, 2025, with tin suffering the sharpest loss. The price index at 10:30 a.m. (Shanghai time) showed a downward trend compared to the close...
Rusal Sets Modernization Plans to Boost Aluminum Foil Production
One of the world’s leading aluminum producers, RUSAL, has announced an ambitious expansion plan to strengthen its position in the aluminum foil segment for food packaging. The initiative includes upgrading the С-3/2 finishing mill at the SAYANAL plant, the largest...
Volvo Announces Thousands of Layoffs, Raises Warning for Steel Demand
In late April 2025, Swedish carmaker Volvo announced plans to cut up to 3,000 jobs, or about 15 percent of its global workforce, as part of a major restructuring plan. The move immediately raised concerns within the steel industry, which sees the auto sector as one of...