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Low-priced HRC imports hit European market: Kallanish conference
Thu, 18 May 2023 00:00:00 GMT
Europes steel market is under pressure from low-priced imports that come in a period of low demand and order activity. At theKallanishEuropean Steel Markets conference in Amsterdam this week, observers said it is unlikely the market will normalise until after summer. According to Cesare Vigano, managing director of ArcelorMittal fabricator subsidiary CSN, recent local

Europe decarbonisation needs energy investment: Kallanish conference
Thu, 18 May 2023 00:00:00 GMT
The production and supply of electricity is the critical point for decarbonisation in Europe, ArcelorMittal technical head for climate change Stephane Tondo said at theKallanishEurope Steel Markets conference in Amsterdam on Wednesday. Thats why we want to invest in the production of direct reduced iron via hydrogen, he noted. We are currently operating the

Steel trade dips on expectations of price cuts
Fri, 05 May 2023 00:00:00 GMT
Activity in the steel trade market in India has slowed significantly as buyers hold back from stocking up on materials on expectations of prices dropping. The trade market, consisting of dealers and sub-dealers of primary steel mills, accounts for a quarter of the overall steel consumption in the country. Major players like JSW Steel and ArcelorMittal Nippon Steel India have cut prices by Rs 2,000 per tonne and Rs 2,500 per tonne respectively, while other steel mills are expected to follow.

Italian HRC sales drag on poor downstream consumption
Tue, 02 May 2023 00:00:00 GMT
The Italian hot rolled coil market continues to be weak and caught between the high prices of European producers and the weak sales of coil downstream. Despite the slow demand, steelmakers are quoting lead times of between July and September due to a shortage of material caused by reduced production at Acciaierie dItalia, ArcelorMittal

DRI d'Italia to build DRI plant in Taranto
Wed, 26 Apr 2023 00:00:00 GMT
DRI dItalia, the new company created last year by Italian state entity Invitalia, the majority shareholder of Acciaierie dItalia, has completed the feasibility study to build a direct reduced iron (DRI) facility for ADIs steelmaking complex in Taranto,Kallanishlearns from market sources. DRI dItalia ceo Stefano Cao told local broadsheet Corriere della Sera that the

Welded tube prices to increase on short supply
Mon, 17 Apr 2023 00:00:00 GMT
The European hot rolled coil production disruptions are affecting coils derivatives deliveries and slowing tube production. Italian distributors and re-rollers report a concerning situation of supply for welded tubes for which certain grades are hard to find and even commodity grades are beginning to suffer slow deliveries. ArcelorMittal communicated to customers ten days ago

Italian coil market undersupplied but demand remains weak
Fri, 14 Apr 2023 00:00:00 GMT
Italian hot rolled coil delivery times are lengthening due to production disruptions in Europe. ArcelorMittal communicated to customers last week that delays are expected to deliveries across Europe due to recent fires that impacted one blast furnace in northern Spain and another in northern France (see Kallanish passim). Some customers in Italy say they

EU HRC market grapples with multiple disturbances
Fri, 14 Apr 2023 00:00:00 GMT
London, 13 April (Argus) The European hot-rolled coil (HRC) market is grappling with several major disruptions that could affect the price direction going forward. The most well-publicised event has been production disruptions at ArcelorMittals mills in France and Spain. The recent fire at Dunkirks blast furnace number four has taken about 10,000 t/day

Shortages unclear despite outages, say EU coil sources
Mon, 10 Apr 2023 00:00:00 GMT
Northwest European coil market observers diverge over whether the supply disturbances at ArcelorMittal Spain and France, as well as Tata Steels IJmuiden works will necessarily mean shortages. Concerns are mainly being expressed from buyers of domestic qualities that cannot easily be replaced by imports. The lead times of mills will be stretching, and prices

European buyers expect 1 million tonne HRC shortage due to ArcelorMittal ...
Wed, 05 Apr 2023 00:00:00 GMT
European steel buyers expect HRC supply to get increasingly tight in the summer months due to the recent fires at ArcelorMittals Spanish and French sites, sources told Fastmarkets on Tuesday April 4.In the past two weeks there have been two fire incidents at ArcelorMittals steelmaking facilities. The first one affected a 2.35 million tonne

HRC buyers in Europe refrain from trading, prices mainly flat
Tue, 04 Apr 2023 00:00:00 GMT
The trading lull in the European hot-rolled coil market continued on Monday April 3, with buyers avoiding big purchases and producers maintaining high offers, citing good order books and reduced supply, Fastmarkets heard.Recent production disruptions at ArcelorMittal sites in Spain and France, along with scheduled maintenance at Tata Steel IJmuiden and ArcelorMittal Dabrowa Gornicza

European market expects coil supply disruption in April
Mon, 03 Apr 2023 00:00:00 GMT
Strong supply chain disruptions are expected in April and May throughout the European coil complex due to the fires hitting ArcelorMittal in Spain and France, and the Tata Steel force majeure at Ijmuiden in late February, sources tell Kallanish. This, coupled with significantly reduced coil production at Acciaierie dItalia, one of the largest steel

Number of ArcelorMittal news reports: 12
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