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Stainless steel: positive outlook for the Italian and European markets
The flat stainless steel market is steadily improving in Italy and other European countries, although sources from service centres, re-rollers and steel mills report continued weakness in downstream demand. Stocks reached their lowest level in August and apparent...
Steel: flat product sales improve in Italy in November
According to forecasts by Assofermet, the Italian steel industry association, activity at flat steel service centres is expected to improve as purchases for deliveries in the first quarter of next year resume in the coming weeks. Current steel prices appear to have...
Aluminium: Squarepoint Capital acquires Russian material for USD 100 million
Squarepoint Capital LLP, a hedge fund, has purchased over $100m of predominantly Russian aluminium from the London Metal Exchange (LME). The acquisition took place with the metal stored in warehouses in South Korea. The hedge fund requested the delivery of 50,000...
Metinvest expects Ukraine’s reconstruction to require 3.5 million tonnes of steel
Tetyana Skrypka, head of the construction projects department of Metinvest-SMC, the sales unit of the Ukrainian mining and steel group Metinvest, estimates that around 3.5 mln tonnes of steel will be needed to restore Ukraine's housing and social infrastructure once...