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Commodities: CFTC urges “deepening” of factors behind recent price swings
The U.S. Commodity Futures Trading Commission will conduct a series of "in-depth" studies to determine whether prices in commodity markets that have recently been stressed-such as natural gas, crude oil, metals and wheat-are driven by market fundamentals. Since the...
Chipmakers cautious despite mostly bullish projections
After two years of shortages, global chip industry concerns continue to pile up. Chip manufacturers are now concerned about weakening consumer demand, excessive stockpiling by manufacturers, and changes in U.S. chip export policies. The automotive sector usually...
Slab steel: Metinvest’s Italian plants secure supply for Europe and Asia
Metinvest general director Yuriy Ryzhenkov said Italian mills are receiving raw materials for rolling from European, Asian, and Latin American suppliers. Semi-finished products are also arriving from Zaporizhzhia, where one of the group's assets is located. Prior to...
Thyssenkrupp to build new metal service center in Mexico
Thyssenkrupp Materials Services will invest $37 million to build a new metals service center in Mexico that will serve automotive customers in North America. The new site in San Luis Potosí, expected to be operational in mid-2023, will specialize in supplying...