Renault, Geely to form JV company to manufacture hybrid, ICE powertrains
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Renault, Geely to form JV company to manufacture hybrid, ICE powertrains

Published: 09 Nov 2022
Renault, Geely to form JV company to manufacture hybrid, ICE powertrains

Automakers Geely Holding Group and Renault Group are to form a 50-50 joint venture company to develop, manufacture and supply hybrid and internal combustion engine powertrains globally. The new entity will be a standalone global supplier of propulsion system solutions, producing hybrid propulsion systems and developing carbon free and low-emission technologies from five global research

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European HRC buyers avoid bookings on
unclear trend, high stocks

Published: 07 Nov 2022
European HRC buyers avoid bookings on<br>unclear trend, high stocks

The European hot-rolled coil market remained quiet on Friday November 4 with minimal trading activity reported because destocking among buyers was still not accomplished, Fastmarkets has heard. Fastmarkets calculated its daily steel HRC index, domestic, ex-works Northern Europ, at €647.50 ($632.99) per tonne on November 4, up by €1.25 per tonne from €646.25 per tonne

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German steel market expects prices, inventory levels to soften: survey

Published: 07 Nov 2022
German steel market expects prices, inventory levels to soften: survey

German steel producers and traders expect prices to soften over November amid weak demand and weak energy costs, according to data from S&P Global Commodity Insights’ monthly steel sentiment survey. In the survey, market participants were overall bearish on pricing over the month, with the November index at around 35 points, down from approximately 41

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EU plate prices under pressure as demand limited

Published: 07 Nov 2022
EU plate prices under pressure as demand limited

Domestic prices for heavy plate were under pressure from low demand in the week to Nov. 4, while Italian rerollers accepted lower prices and German mills held offers stable. Platts assessed Italian heavy plate down Eur25/mt week on week at Eur875/mt ex-works Italy. Tradable value has been reported at Eur850-900/mt ex-works, and bids have been

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European HRC stable on weak trading activity

Published: 07 Nov 2022
European HRC stable on weak trading activity

Domestic prices for hot-rolled coil were fairly stable Nov. 4 across Europe as trading activity remained limited. Platts assessed hot-rolled coil in Northwest Europe stable day on day at Eur650/mt ex-works Ruhr Nov. 4. Two mill sources reported offers at Eur650-660/mt ex-works Ruhr. Another producer estimated tradable value at Eur650/mt ex-works Ruhr. A service distributor

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