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Steel: ArcelorMittal still expects demand growth of 3-4% this year, excluding China
ArcelorMittal, the world's second-largest steel producer, reiterated that it expects global steel demand growth outside of China of 3-4% this year, after reporting first quarter results above analysts' expectations. Economic sentiment seems to have bottomed out, and...
Aluminium: LME asks manufacturers to disclose carbon emissions by 2025
On 1 May 2024, the London Metals Exchange (LME) launched a consultation process requiring manufacturers of aluminium brands, eligible for delivery under its contracts, to provide carbon emissions data by March 2025. The aim is to synchronise the aluminium market with...
HRC steel: European prices remain stable
European hot-rolled coil (HRC) prices remained nearly stable on April 29 amid a recovery in market supply demand. Demand has improved because distributors have started to restock, but volumes remain limited because end-user demand is still low. According to market...
Steel: Eurofer lowers demand forecast as recovery loses steam
The outlook for European steel demand for 2024 continues to lose momentum due to worsening geopolitical tensions, growing economic uncertainty, energy prices, inflation and high interest rates. Eurofer has therefore lowered its forecast for apparent steel consumption...