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Steel: Italy plans to help Ukraine overcome export obstacles
The Italian government has announced that it intends to help remove obstacles on steel exports facing Ukraine, whose ports have been confiscated due to the war and thus its export activities have been restricted. The government will present its plan to improve the...
HRC steel: European buyers show increased interest despite expected price increase
European buyers of hot-rolled coil (HRC) have shown increased interest in making reservations amid a bullish market environment and limited availability. Integrated steel mills in Northern Europe have mainly offered May coils at as low as 820 euros per ton EXW, with...
China will issue new policies to promote recovery and sustainable consumption
Li Chunlin, deputy director of the China National Development and Welfare Commission, said the Chinese government will promote sustainable recovery and consumption growth. It will issue some policies to ensure the recovery and expansion of consumption, increase the...
Aluminium: Emirates Global Aluminium’s 2022 profit rises to a record $2 billion
Emirates Global Aluminium (EGA), one of the world's largest aluminum producers, said Tuesday that its annual net profit for 2022 rose 34 percent to a record 7.4 billion dirhams ($2.01 billion) thanks to rising metal prices. The UAE company said the average price...