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Steel: Turkey remains the EU’s main source of finished product imports in January-November 2022
According to the Economic and Steel Market Outlook 2023-2024/Q1 2023 report of the Economic Committee of the European Steel Association (EUROFER), in the first 11 months of last year, total imports of finished steel products from third countries decreased by five per...
Steel: Indian government wants to mandate the use of scrap in at least 50 per cent of production by 2047
Indian Steel Minister Jyotiraditya Scindia said that the government will require local steel mills to switch to using scrap as a raw material to produce steel (50 per cent of their production by 2047) to accelerate the transition to a circular economy. Minister...
Aluminium: Alcoa to resume operations at San Ciprián smelter by 2024
The world leader in aluminium, alumina and bauxite Alcoa, plans to reactivate the aluminium smelter at its complex in San Ciprián, Spain, by 2024. In December 2021, Alcoa had announced a two-year pause to focus on developing ideas for a more robust smelter operation,...
Copper: Aurubis’ Q1 profit falls due to high energy prices
Aurubis AG, Europe's largest copper producer, reported Q1 profit falls (around 24)%, due to high energy prices and inflation that weighed on it despite strong demand, but maintained optimistic estimates for full-year profits. In the first quarter to end-December of...