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Aluminum: Rusal’s Asian revenue share grows to 33% in H1
Rusal boosted sales in China and other Asian countries, whose revenue share rose to 33% by mid-2023, from 23% in 2022. Rusal's revenue in China nearly doubled to $1.1 billion, and the company became the world's largest aluminum exporter to the country. Rusal is...
Steel: prolonged Palestinian turmoil could impact prices and supply chain
The renewed conflict between Israel and Hamas in Palestine has begun to ring alarm bells in supply chains for oil, steel and various metals. In fact, if prolonged, the conflict could adversely affect the prices of steel and many other commodities. Already under...
Fire in the Russian mine owned by Evraz
All miners were evacuated from a coal mine owned by Russian steel producer Evraz in the Kemerovo region after a fire broke out today. A spokesman for the mine operator Raspadskaya said the fire occurred on the surface. All employees were taken out of the mine....
Long steel: Italian market continues to record low consumption
Distributors and agents in Italy are complaining of a very negative September and October in terms of margins, sales and general activity. Some sources claim that sales of flat and long products dropped by 35-40% compared to last year. With regard to long products,...