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Italy could inject 1 billion euros into Acciaierie d’Italia
Economic Development Minister Giancarlo Giorgetti announced that the Italian government could inject between 500 million euros ($509 million) and 1 billion euros into the ailing Acciaierie d'Italia, formerly Ilva. The funds will be released through the new "Aiuti Bis"...
Nickel: Indonesian tax will shake up export mix again
Indonesia is planning to reshape the global nickel market again. The country is the world's largest and fastest-growing nickel producer, used for both stainless steel and electric vehicle (EV) batteries. The country banned the export of nickel ore in 2020, forcing the...
Steel: German market detects low production and higher prices
According to data from the monthly steel market sentiment survey, German producers and operators expect prices to rise in August amid low supply and falling production levels. The survey saw operators and producers almost equally bullish on prices. Producers were more...
Aluminum: U.S. imports continue to rise, further loosening supply
U.S. imports of unalloyed primary aluminum totaled 236,084 tons in June, up 4.4% from May, while shipments from Canada increased 18.09% to 183,251 tons. Total P1020 imports from January to June increased 41.64% to 1,073,286 tons. Shipments of high-purity aluminum from...