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In January, Turkey became Europe’s largest steel producer
According to the Turkish Steel Producers' Association (TÇÜD), Turkey's crude steel production increased by 24.7 per cent year-on-year to 3.2 million tonnes in January this year, making it the seventh largest crude steel producer in the world. With this performance,...
Commodity Evolution 10′ Speech – Analysis on primary aluminium
The first appointment in the Commodity Evolution 10' Speech series, a format with a monthly frequency, where we will analyse in rotation an industrial metal listed on the London LME exchange, analysing the trends of the previous months with a subsequent overview on...
HRC steel: EU buyers avoid bookings in view of expected price drop
European buyers continued to avoid hot rolled coil (HRC) bookings on 29 February due to pessimistic price forecasts and limited end-user demand. While demand remained low, production increased due to the restart of blast furnaces that were shut down last year. As a...
New US sanctions could curb Indian imports of Russian coal
The new US sanctions against Moscow are more likely to reduce Indian imports of thermal coal from Russia than earlier sanctions, as they specifically mention major exporters SUEK and Mechel. Russia, historically a minor exporter of this fuel to India, began increasing...