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Aluminium Market: Russian Stocks Decline and Indian Stocks Rise in the LME in September 2024
According to data released on 10 October 2024 by the London Metal Exchange (LME), Russian-origin aluminium stocks in LME-approved warehouses declined slightly in September, down from 67 per cent in August to 66 per cent. At the same time, Indian-origin aluminium...
Acerinox Stops Production at Its Los Barrios Plant: A Hit to Stainless Steel Production in Spain
Acerinox, Spain's largest stainless steel producer, has announced the suspension of production at its 1-million-ton-per-year plant located in Los Barrios, Cadiz, effective Oct. 12. The decision comes following a temporary layoff agreement, known as ERTE in Spain,...
European Hot Rolled Coils (HRC) Market: Stable Prices and Rebound Prospects
The European Hot Rolled Coils (HRC) market has seen a relatively stable trend in recent days, despite attempts by steel mills to raise prices. On Oct. 9, HRC in Northern Europe stood at 536.00 euros/mt, down slightly from the previous day, but well below the levels...
Steel Rebar and Special Market in Italy: Challenges and Prospects
The steel market in Italy, with particular reference to steel rebar and special long steels, continues to be characterized by weak demand and price uncertainties. Difficulties in the construction sector, a general slowdown in the European economy and instability in...