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Tata Steel Netherlands restarts blast furnace No 6 in IJmuiden
Tata Steel Netherlands, a subsidiary of Indian steel producer Tata Steel, restarted blast furnace No 6 in IJmuiden a few days ago. In a press release it is stated that the company intends to carry out studies to increase the production of pig iron. The furnace had...
HRC steel: European prices on the rise
Hot-rolled coil (HRC) prices increased in Northern Europe as well as in Italy, despite a mixed outlook between buyers and sellers. In Northern Europe, HRC stood at EUR 750/mt ex-works with delivery in March-April. The main concern remains weak end-user demand, and...
CBAM and safeguard complications hamper steelmaking activity
According to Assofermet, the regulatory framework of the EU's Carbon Border Adjustment Mechanism (CBAM) and the safeguard measures on steel imports are hampering the daily operations of Italian and European steel companies. The difficulties in compiling CBAM reports,...
Evergrande liquidation raises global concerns
The recent order by a Hong Kong court to liquidate debt-ridden Chinese property giant Evergrande has once again raised the dreaded question: is the Chinese economy a ticking time bomb? It is a question that experts continue to ask amid worsening news about Chinese...