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Steel: Italian long producers consider stopping due to energy crisis
Italian long steel producers may not resume operations after summer shutdowns if buyers refuse to accept higher steel prices. Soaring energy prices in Italy have resulted in substantially higher production costs for local steel mills, so many are pointing to...
HRC steel: European manufacturers think about cost increases
On Friday, August 26, hot-rolled coil prices in Europe remained broadly stable amid reduced activity, but producers have begun to raise bids due to rising costs. Northwest European HRC stood at 770 euros/mt, up 6 euros/mt from the previous day. Trading activity in the...
Montenegrin government is studying acquisition of Toscelik Special Steel
Toscelik Special Steel in Montenegro, which halted production of some units last year due to stagnant markets and the market's inability to meet production, is now up for sale. Zaljezara Niksic, founded more than 70 years ago and known as the oldest and largest iron...
Turkish steel mills study alternatives to reduce billet and raw material imports from Russia
Turkey's steel sector has intensified discussions on imports of billets and raw materials prim e from Russia, fearing the risk of retaliatory sanctions, although sources said there are not many other options for Turkish producers at the moment. "Especially our long...