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Crude steel: U.S. production down slightly on weekly basis
It amounted to 1.627 mln net tons of U.S. crude steel production in the week ended Dec. 17, 2022. The capacity utilization rate was 72.9 percent. The data were released by the American Iron and Steel Institute (Aisi). Production in the week ended Dec. 17, 2022...
Steel bars: Chinese exports up sharply in November
In January-October, China's steel bar exports totaled 6.96 million tons, down 6.2% year-on-year, while wire rod exports totaled 1.86 million tons, down 0.2% year-on-year. China's export volume of angle/channel wire reached 3.38 million tons during the period, an...
Nickel: Xiang Guangda plans new plant to avoid future pressure from LME
The tycoon at the center of this year's nickel crisis is building a new metal plant that can be delivered to the London Metal Exchange, a move that signals his intention to continue trading on the LME while trying to avoid being caught in short pressures in the...
EU raises carbon emission reduction target for 2030
On December 17, the European Parliament and the European Council agreed to revise the EU Emissions Trading System (EU ETS) following the agreement on the Border Carbon Adjustment Mechanism (CBAM). With the previous agreement, the Parliament and Council aim to equalize...