Sluggish demand and high inventories have led Italy’s leading steel mills to cut production successively

Due to the continued sluggish demand for steel for automobiles and white goods in Europe, the steel industry still accumulates a large amount of inventory, and most middlemen refuse to replenish the inventory, which has led to the recent decline in European steel prices. Arvedi and Acciaierie d’Italia, Italy’s main and largest flat-plate makers, intend…

U.S. coal prices hit record highs

According to comprehensive media news, U.S. coal prices rose above record highs amid sharply higher global electricity demand, rising summer temperatures and limited supplies of the most polluting fossil fuels. Spot coal prices in the Illinois Basin surged by $190.25 a short ton in the week to July 1, data from the U.S. Energy Information…

Burst! Nearly 700 million tons of rare earths have been discovered in Turkey, which can meet the global demand for 1,000 years!

According to the “Turkish Daily” reported by the Russian Satellite News Agency, a large amount of rare earth resources have been discovered in Eskisehir Province in northwestern Turkey, and its reserves can meet the world’s needs for 1,000 years. The deposit discovered in Eskisehir province contains about 694 million tons of rare earths, which could…

India’s Tata Steel imported about 7,500 tonnes of PCI from Russia in May

According to foreign media sources, relevant data shows that after steel manufacturers in India announced that they would stop importing raw materials from Russia, they have not completely stopped importing coal from Russia. Cheap coal resources are crucial for the country’s steelmakers since the Indian government slashed tariffs. Following Tata Steel’s announcement in April to…