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Stainless steel: market stabilizes, nickel surplus persists
Although recyclers generally had a better-than-expected start to the year, persistent surpluses, falling prices, and geopolitical and financial risks continue to cloud the outlook. In a reversal from last year, nickel prices in 2023 underperformed other major base...
Crude steel: CISA countries’ daily production decreases by 3.08% in early March
The China Iron and Steel Association (CISA) says that the average daily crude steel production of all large and medium-sized enterprises in the country who are members of CISA in early March this year (March 1-10), decreased by 3.08% over the end of February (February...
Nickel: Indonesian minister warns mining companies to respect environmental rules
Indonesia's coordinating minister of maritime affairs and investment has warned companies operating in a nickel-rich region must comply with the country's environmental regulations, otherwise they would require the revocation of their operating licenses. Indonesia...
European steelmakers restart idle blast furnaces
Domestic steel coils prices soared in March 2022 due to panic buying triggered by the February 24 Russian attack on Ukraine. The market had initially anticipated that geopolitical tension would reduce steel availability and could lead to a shortage. Against this...