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The European Hot Rolled Steel Market: Pressures and Challenges in an Environment of Surplus and Insufficient Demand
The European hot-rolled (HRC) steel market continues to be under significant pressure from oversupply and insufficient demand. Despite the introduction of recent import restrictions by the European Union, the price decline has not stopped, slowing only slightly, but...
Collapse of Chinese Aluminium Extrusions Exports in July 2024: Implications and Future Prospects
According to Chinese customs data, domestic exports of aluminium extrusions fell dramatically in July 2024, reaching just 90,300 tonnes. This represents a dramatic 74.8% drop from the previous month, but at the same time a slight increase of 0.83% compared to the same...
Increasing Primary Aluminium Premiums for the Fourth Quarter 2024: A Challenge for Japanese Buyers
A recent report revealed that Japanese primary aluminium buyers could face a significant premium increase of around $180 per tonne for shipments in the fourth quarter of 2024, which ends on 31 December. The news was released on Wednesday 28 August by two people...
Suspension of New Steel Plant Approval in China: Impacts on the Global Steel Industry
Against the backdrop of a global economic slowdown, with little prospect of recovery, comes news that could revolutionise the steel industry: the Chinese government has suspended the system that allowed the approval of new steel plants. This measure, unexpected for...