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HRC steel: sentiment increasingly negative
Hot-rolled coil prices in Northwest Europe fell Aug. 4 as steel mills offered substantial discounts to secure September volumes. Northwest European HRC was valued at 812 euros/ton ex-works. Low demand was described as the main factor motivating the discounted sales,...
Stainless steel: Outokumpu’s second quarter deliveries drop 3.7 percent
Stainless steel producer Outokumpu delivered 603,000 tons of stainless steel in the second quarter, down 3.7 percent from the previous quarter, the company said Aug. 4. Europe's largest stainless steel producer said stainless steel deliveries in the first half of the...
Steel: Metinvest supplies sheet metal to Ukraine from Italian plants
Metinvest's trading arm, Metinvest-SMC, has arranged to import thick plate and hot-rolled coils to Ukraine from its plants in Italy. Because of the difficult situation with Metinvest's assets due to the Russian-Ukrainian war, there is a shortage of sheet metal in...
Ferrous scrap: Turkish ferrous scrap imports down slightly in the first half of 2022
Turkey, the world's largest importer of ferrous scrap, recorded a marginal 1 percent decline in imported volumes in the first half of 2022 (January-June 2022) to 12.27 million tons (mt) from 12.44 mt in the first half of the year 2021. Imports of ferrous scrap...