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Aluminium: prices are sideways while premiums remain bearish
Although down 4.29% in October, aluminium prices remain trapped in a sideways trend established in July. Prices have retraced from their late September peak, but have failed to make a lower low. Therefore, they continue to move within a narrow range. Global aluminium...
Tata Steel cuts 800 jobs in the Netherlands
The Dutch division of Tata Steel said on Monday it would cut about 800 jobs at its IJmuiden plant in a bid to increase profitability. Tata currently employs about 9,200 people in IJmuiden, on the Dutch coast about 30 km (19 miles) west of Amsterdam. "Despite Tata...
Carbon tax: the UK will introduce it in 2026
According to a report in the Financial Times, UK Chancellor of the Exchequer Jeremy Hunt said that Britain intends to introduce a tax on imports of carbon-intensive products (carbon tax) from 2026 to protect local sectors from unfair competition from regions with...
Steel: imports negatively affect production in Latin America
Steel imports, especially from China, are having a negative impact on steel production in Latin America, despite an increase in local consumption of flat products, the Latin American steel association Alacero said at a meeting in São Paulo last week. According to...