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White House plans new sanctions against Russia
US President Joe Biden said on Friday the US plans to unveil a package of 'major' sanctions against Moscow, although he did not specify which industries would be affected. His comments fuelled speculation that Russia's huge metal industries could be in line for...
Aluminium: Chinese exports to the EU plummet 30% with CBAM
Earlier this week, the China Non-Ferrous Metals Industry Association reported a 30% drop in the volume of aluminium products exported from China to the European Union (EU). Analysts in the aluminium manufacturing sector were quick to point out that this drop is likely...
EU cuts economic growth forecast for 2024, inflation remains under pressure
According to the European Commission's winter economic forecast for 2024, economic growth expectations for this year have been reduced compared to the autumn report and inflation has been revised downwards. For 2023, GDP growth forecasts for the EU and the euro area...
Crude steel: production in Italy increased by 5.9 per cent in January
According to data released by Federacciai, January was a positive month for Italy in terms of crude steel production. In the month in question, the country's crude steel production stood at 1.64 million tonnes, up 5.9 per cent year-on-year. The country's crude steel...