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Asian steel and scrap will face headwinds in second quarter
The Asian steel market is set to face challenges in the second quarter due to the bearish outlook for China's real estate and construction sector and weakening raw material costs. Demand for ferrous scrap has been modest in all regional markets, with some Asian mills...
Alumina: prices will be strong in Q2 due to refinery reductions
According to market participants, the global alumina market is expected to be supported by lower production in the second quarter due to continued refinery cuts, while the latest sanctions imposed by the US and UK on Russian aluminium could cause potential disruptions...
EU CBAM will encourage other countries to introduce border levies on carbon emissions
According to the International Emissions Trading Association (IETA), the EU’s introduction of a carbon border adjustment mechanism (CBAM) is prompting some countries to introduce their own border taxes, while others are considering retaliatory measures. In a...
U.S. Treasury Department announced new sanctions against Iran
The U.S. Treasury Department has announced new sanctions against Iran, following retaliatory attacks on Israel, in order to restrict Iran’s steel industry. As a result, all assets and interests in the assets of the following designated persons located in the...
