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Steel: Ukrainian rolled steel production increased in August by nearly 20% m/m
Ukrainian production of rolled products increased by 17.5 percent on a monthly basis to 248,000 tons (t) in August 2022. However, on a year-on-year basis, production fell 6.8 times compared to August 2021. Crude iron ore production by metallurgical enterprises in...
EU emergency measures needed to overcome energy crisis threatening EU steel industry
At the extraordinary Energy Council, the European steel industry is calling on EU policymakers to provide immediate relief against high energy prices and costs even for energy-intensive industries exposed to international competition. Conventional trade and energy...
Energy: Italian ministry submits cap proposal
Italy's Ministry for Ecological Transition (Mite) has sent the EU its proposal to cap energy prices by introducing a maximum price at which natural gas can be traded. The cap would cover all physical and financial transactions and should be high enough compared to...
HRC steel: market approves production cuts
A reduction in working hours and closure of key plants at major European steel mills could be welcomed by the market at large. Until recently, several traders suggested that reducing production would be the best solution to synchronize supply and demand. Apparently,...