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Aluminium: New Zealand smelter agrees with Meridian on demand flexibility to combat crisis
According to reports on 5 April, New Zealand Aluminium Smelter (NZAS) and Meridian Energy are likely to sign a new agreement that provides for flexible energy demand by the smelter in the event of grid stress or water shortages. The news came after Meridian submitted...
Steel: European buyers expect a shortage of 1 million tonnes of HRC
European steel buyers expect HRC supply to become increasingly scarce over the summer months due to recent fires at ArcelorMittal's Spanish and French plants. In the past two weeks, two fires occurred at ArcelorMittal's steel plants (read more here). The first...
Steel: flat product deliveries in Europe will be delayed due to fires
Luxembourg-based steelmaker ArcelorMittal has told its customers that deliveries of flat products in Europe will be delayed due to fires at blast furnaces in Spain and France. Tons reserved for new orders may also decrease due to lower production levels. As previously...
Iron ore and steel: Grupo Cap will invest $500 million
Chilean iron ore and steel producer Grupo CAP has announced that it will invest $500 million in its subsidiaries. The company's CEO, Jorge Salvatierra, reported that about 30 percent of this amount will be dedicated to sustainability projects such as energy resource...