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Cogne Acciai Speciali acquires majority stake in Com.Steel
Cogne Acciai Speciali, an Italian manufacturer of stainless long products, announced that it has signed an agreement to acquire a 65% controlling stake in the stainless scrap business of Com.Steel, an Italian metal recycler, and Com.Steel Inox. The transaction is...
Stainless steel: imports to Russia increased by 30.8% in 2023
According to a statement by Russia-based SpetsStal Association, the country's stainless steel imports exceeded 486,000 tonnes in 2023, an increase of 30.8% year-on-year. During this period, imports of cold-rolled stainless steel increased by 31.1%, hot-rolled...
European Commission extends CBAM reporting deadline by 30 days
The European Commission announced that it has given registrants an additional 30 days from 1 February to submit their reports, as many importers are experiencing difficulties in reporting emissions under the Carbon Border Adjustment Mechanism (CBAM) due to technical...
Nickel and palladium: Russia’s Nornickel expects a further drop in production this year
Russian metals producer Nornickel said it expects a further decline in nickel and palladium production this year due to adverse geopolitical risks and postponements of furnace repairs, following a drop in production in 2023. CEO Vladimir Potanin said last year that...