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Steel: price direction is unclear. Further production cuts are needed
Participants at the Eurometal Regional Meeting event of the European Steel Distributors Association held in Milan, Italy, said the end of 2022 and the beginning of 2023 are looking uncertain due to high energy costs, inflation and the new green deal. Service centers...
Steel: Japanese exports fell in August for the second month by another 15% y/y
According to preliminary data released by the Ministry of Finance on Sept. 15, Japanese steel exports fell for the second month by another 15.1 percent year-on-year to 2.48 million tons. According to trade sources, falling prices in the foreign market prevented...
China releases master plan for action against peak emissions from industrial sector
The Implementation Plan for Industrial Sector Peak Emissions, jointly issued by MIIT, NDRC and MEE in August, is a key component of China's policy framework for the 30-60 1+N emissions target and is also the overall plan for industrial sectors. The plan again reflects...
Zinc: weak supply and demand keep the market in balance
The conundrum facing the zinc market is whether it is demand or supply that will experience the biggest drop this year. According to the latest assessment by the International Lead and Zinc Study Group (ILZSG), both declined in the first half of the year. The...