Loading
Carbon: India is close to creating a local market by banning export credits
On August 8, India's lower house of parliament, the Lok Sabha, passed a bill to create a national carbon market; Electricity and Renewable Energy Minister Raj Kumar Singh said carbon credits would not be allowed to be exported. No details were given on when the ban...
Steel: German mills offer further discounts to secure summer volumes
Hot-rolled coil prices in Northern Europe continued to fall Aug. 8 as German steel mills offered discounts on official bids to secure volumes over the vacation period. Hot-rolled coil in Northwest Europe (HRC) stood at 806.50 euros/mt on Aug. 8, down 3 euros/mt from a...
Steel/wire rod: Italian prices settling down
The Italian wire rod market is calming down due to the closure of the industry for the August break. Prices recovered toward the end of July, and sales improved in the last two weeks of the month and early August. Sellers have noticed some return of apparent demand in...
Iron ore: price rises on improved steel margins in China
Dalian and Singapore iron ore futures rose Monday, extending their gains thanks to improved steel mill margins in China, which encouraged steel mills to gradually restart idle blast furnaces and increase imports of the steel ingredient. Also supporting iron ore prices...