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Scrap metal: price increase expected in Italy
Italian steel mills will pay more for domestic and imported scrap in January. This week the scrap market resumed work after the Christmas vacations. Steel mills also resumed production and sales on Monday and are looking for material. Steel mills will start buying...
Wire rod steel: Brazilian exports rise in December
According to customs data, wire rod exports from Brazil increased to 8,800 tons in December from 7,200 tons in November. November exports were made by ArcelorMittal (7,200 tons at $911/ton), Simec (900 tons at $976/ton) and Gerdau (700 tons at $675/ton). The...
Aluminum: Slovakia’s only producer closes its doors after 70 years in business
Slovakia's only aluminum producer will close its smelters after 70 years of production. Slovalco, based in the central Slovak town of Žiar nad Hronom, says that after decades of production it can no longer afford to run its last ten remaining furnaces. Without the...
Nickel: LME will decide on reforms on the metal by the end of the first quarter
The London Metal Exchange (LME) said Tuesday that by the end of the first quarter it will determine how to implement the recommendations of an independent report on last year's nickel crisis. Months after the turmoil exposed weaknesses in the LME's oversight, the...