- EUROMETAL was at Wire & Tube 2022 in Düsseldorfby EUROMETAL on 24th June 2022
This week took place the Wire & Tube 2022 Düsseldorf fair. Considered the world’s most important trade fair for the tube, wire & cable industry and the central hub for international […]
- Iron ore seeks directionby Oktay Aydin on 24th June 2022
Seaborne iron ore prices have continued to fluctuate in a range despite dramatic swings in futures markets. Government attempts to reassure the economy continue to founder despite a focus on the most […]
- EU court upholds Commission’s Tata-thyssenkrupp merger prohibitionby Oktay Aydin on 24th June 2022
The General Court of the European Union has upheld the European Commission’s decision in 2019 that the proposed Tata Steel Europe-thyssenkrupp joint venture would be incompatible with the internal […]
- Some Italian longs demand seen resuming before stoppagesby Oktay Aydin on 24th June 2022
Prices for some long and tube products are forecast to stabilise next month as the pace of decline is slowing, particularly for beams and merchant bars, say some Italian service centre sources. […]
- Experts debate scrap price floor at Kallanish conferenceby Oktay Aydin on 24th June 2022
Experts at Thursday’s Kallanish International Steel Scrap Conference in Istanbul held differing opinions over the future of Turkish scrap prices, which have continued to drop recently. US-based […]
- EU Parliament’s CBAM stance hits EU steel, aluminum competitiveness: groupsby Oktay Aydin on 24th June 2022
The European Parliament’s latest proposal to formalize a regional carbon market including a Carbon Border Adjustment Mechanism import control risks hitting the EU steel and aluminum sectors’ […]
- Pressure on Turkish HRC pricing leads mills to plan maintenance breaksby Oktay Aydin on 24th June 2022
Ongoing pressure on Turkish hot-rolled coil pricing due to slow demand has caused some producers, which have already reduced their usage capacity, to plan maintenance at their facilities in July, […]
- UK government proposes to extend steel import safeguards, formal decision imminentby Oktay Aydin on 24th June 2022
The UK government, based on a recommendation from the secretary of state for international trade, has proposed to extend for a further two years tariffs and quotas on 15 categories of steel products […]
- Import offers tumble in EU HRC marketby Oktay Aydin on 24th June 2022
Import offers fell sharply in the European HRC market June 23, reinforcing bearish sentiments for domestic prices. S&P Global Commodity Insights assessed imported hot-rolled coil down Eur90/mt […]
- Tata stands firm on cutting ties with Russiaby Nicolas Golob on 24th June 2022
Tata Steel says the 75,000 tonnes of coking coal received from Russia in May was contracted weeks before its 20 April announcement that it was cutting business ties with Russia after its Ukraine […]
- CIS steel output continues to fall in Mayby Nicolas Golob on 24th June 2022
CIS crude steel production decreased in May, according to the latest worldsteel data monitored by Kallanish. Regional output amounted to an estimated 7.4 million tonnes, down by 19% year-on-year. […]
- UK extends lapsing safeguards, steelmakers express reliefby Nicolas Golob on 24th June 2022
The UK government has decided to extend safeguard quotas for a further two years to end-June 2024 on the five categories of steel products on which they are set to lapse next week, Kallanish notes. […]
- Acciaierie d’Italia idles lines amid demand deadlockby Nicolas Golob on 24th June 2022
Italian steelmaker Acciaierie d’Italia, the joint venture between ArcelorMittal and state-owned Invitalia, has idled two galvanizing lines due to deteriorating demand for coil in Italy and Europe, […]
- EU CRC and HDG market quiet as automotive negotiations continueby Oktay Aydin on 23rd June 2022
Activity in the downstream coil market was muted June 22 as steelmakers engaged in negotiations for long-term automotive contracts. In Northern Europe, cold-rolled coil was down Eur20/mt on the week […]
- EU steel section prices continue to drop on low demandby Oktay Aydin on 23rd June 2022
European domestic steel sections prices continued to soften during the week ending June 22, as buyers held back from booking orders, expecting prices to drop further. Platts assessed the European […]