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For the buyers and category managers out there, here’s a quick rundown of news and thoughts from particular commodity markets, including analysis of the aftermath of the Suez Canal blockage, a strike at ATI, steel imports and more.
MetalMiner, a sister site of ours, scours the landscape for what matters. This week:
Steel imports fall in February
US steel imports fell 22% in February compared with the previous month, according to the Census Bureau.
However, imports rose to 1.71 million metric tons, compared with 1.37 million metric tons in February 2020.
Through the first two months of 2021, imports fell 7% year-over-year.
Imports of tin plate surged by 158% from January to February. Furthermore, imports of cold rolled sheets jumped by 69%.
Hot rolled coil prices; European auto sector; global copper mine output flat
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China s pollution reduction efforts look set to disrupt iron ore s rally | Hellenic Shipping News Worldwide
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The International Aluminum Institute published a report outlining how the aluminum industry can reduce its emissions.
Manufacturers of metals are increasingly under pressure to modernize their production processes and make them “greener.”
In recent coverage, MetalMiner’s Stuart Burns has touched on China’s latest Five-Year Plan and its environmental implications for the country’s massive steel and aluminum sectors. Producers in Europe, meanwhile, have argued the continent’s stricter environmental standards and regulations put it at a competitive disadvantage.
On the other hand, decarbonizing and becoming “greener” is also becoming more and more of a branding opportunity.
“Rusal is at the forefront of promoting its primary metal as coming wholly from renewable (hydroelectric) sources,” Burns wrote last September. “European metals producers may not have such a clear advantage in terms of power supply.”