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Hot-Rolled Coil Prices Rise, China And The United States Move On Different Tracks
Hot-rolled coil prices increased in both China and the United States, but behind the movement lie two profoundly different markets. In China, support comes mainly from the increase in coking coal and expectations of a metallurgical coke price rise, while end-user...
Ukrainian Steel Under Attack, Zaporizhstal And ArcelorMittal Kryvyi Rih Halted
Two of Ukraine’s main steelmaking complexes, Zaporizhstal Iron & Steel Works and ArcelorMittal Kryvyi Rih, have completely or partially suspended production after being hit by Russian missile attacks. The strikes killed nine workers and damaged energy...
European Heavy Plate, August Freezes Trading And Stabilizes Prices
Heavy plate prices remained broadly stable in European markets, while the summer break reduced trading to a minimum. In Italy, weak activity consolidated the reference level of €690-700 per tonne, while imported slab quotations also went through the week without...
Chinese Electric Vehicles, Exports Become The New Engine Of Growth
China’s new energy vehicle industry is increasingly shifting its center of gravity toward international markets. While domestic car demand loses momentum and NEV penetration approaches a level of maturity, exports are recording increases of more than 100%, absorbing a...