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Iron ore: China’s strong imports diverge from weak steel production
Iron ore imports and domestic production of this steel raw material increased sharply in the first quarter, while crude steel production declined. This divergence poses a dilemma that can be resolved in several ways, including a reduction in iron ore imports, a boost...
HRC steel: prices in Europe have hit rock bottom
European hot-rolled steel (HRC) coil markets remained flat on Friday, April 19, with limited trading volumes. However, the downward trend in prices has slowed, and industry sources suggested that prices may have bottomed out. Reassortment activity has been modest in...
EU CBAM will encourage other countries to introduce border levies on carbon emissions
According to the International Emissions Trading Association (IETA), the EU's introduction of a carbon border adjustment mechanism (CBAM) is prompting some countries to introduce their own border taxes, while others are considering retaliatory measures. In a report,...
U.S. Treasury Department announced new sanctions against Iran
The U.S. Treasury Department has announced new sanctions against Iran, following retaliatory attacks on Israel, in order to restrict Iran's steel industry. As a result, all assets and interests in the assets of the following designated persons located in the United...