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Hrc steel: European coils on hold
The EU hot rolled coil market remained quiet on 22 April with little transactional activity, although some market sources reported that mills have eased trading levels to stimulate demand. In northern Europe, hot-rolled coil was valued at €5 down at €1325/mt ex-works....
Steel: Feralpi expands in Spain
Italian rebar producer Feralpi has acquired Spain's Saexpa in line with its internationalisation strategy. Felapi acquired the company through its Nuova Defim subsidiary. Saexpa has two production plants in Barcelona and Ripoll that produce finished products for the...
Steel: market rally on supply concerns
The global steel market has continued to rally over the past month, after disruptions to pig iron supplies in Ukraine and Russia led to a surge in raw material costs. Pig iron is one of the key raw materials in steel production, and Russia and Ukraine are both key...
Steel: Germany reduces production in the first quarter
German steel mills' crude steel production in the first three months was 9.8 million tonnes, 3.7% lower than in the first quarter of 2021. In the first quarter of 2021, the steel industry started to recover from the low of the first wave of coronavirus in 2020. Q1...