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Steel: Turkey’s exports fell by 50.8% in January-May
According to preliminary foreign trade data compiled by the Turkish Statistical Institute (TUIK) and the Undersecretariat of Customs, Turkey's foreign trade deficit increased by 17.6 per cent in May this year compared to the same month last year, reaching USD 12.53...
EU approves EUR 280 million funding to support ArcelorMittal Belgium’s decarbonisation efforts
The European Commission (EU) has announced the approval of EUR 280 mln in funding to support ArcelorMittal Belgium's efforts to partially decarbonise steel production at its two blast furnaces. In doing so, the company will take measures in line with the EU hydrogen...
Iron ore and carbon coke: Fitch raises price forecasts for 2023
The international rating agency Fitch Ratings announced that it has raised its forecast for iron ore prices for 2023, while keeping coking coal prices unchanged. According to the report, expectations for iron ore prices in 2023 increased from $100/tonne to $105/tonne,...
Tin: Gerald Group’s oncentrate bought in Brazil turns out to be sand
The Gerald Group, one of the world's largest metal traders, has purchased cargoes in Brazil that were supposed to contain at least 1,250 tonnes of tin concentrate and instead turned out to be sand. Sources have reported that Gerald has shipped at least 50 containers...