Already extremely tight merchant slab availability from Russia and Ukraine in recent months has transformed into absolute absence since Russia invaded Ukraine, paralysing CIS trade and leading to wide-ranging sanctions on Russia.

The absence of CIS material is driving up prices, as Turkish and European buyers, “desperate for the material,” …

The rapid unfolding of the invasion by Russia of Ukrainian territory started last week swiftly impacted steel supplies. Ukrainian miners and steelmakers rapidly announced the stoppage of production and shipments and the domino effect on steel markets started unfolding.

Iron ore pellet producer Ferrexpo announced Friday that export activity at …

Japanese carmaker Toyota says two of its plants in Japan will be tempo-rarily closed in March due to semiconductor shortages.

In February, downtime has affected eight of the firm’s enterprises and the shortage of cars has intensified, meaning the volume of unreleased cars is in the hundreds of thousands.

In …

ArcelorMittal believes market conditions will remain supportive in the first half of 2022 after registering strong financial performance last year, Kallanish notes.