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01.05.26 - 15:12
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Czech energy group hints at combined bid for British Steel and Speciality Steel UK (The Guardian)
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Exclusive: Sev.en Global Investments could turn state-owned businesses into Britain's biggest steelmakerBusiness live – latest updatesThe owner of the UK's largest electric steelworks has said the government should find a single buyer for British Steel and Speciality Steel UK (SSUK), a move that would create the country's biggest steelmaker.Sev.en Global Investments, owned by the Czech billionaire Pavel Tykač, said it not only plans to invest £100m in the UK – mainly in the electric arc steelworks in Cardiff it bought last year – but also has the ability to invest “hundreds of millions of pounds” more in Britain under its 7 Steel brand. Continue reading......
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01.05.26 - 09:48
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Aluminum Facing ′Very Large Supply Hole,′ JPM Says (Bloomberg)
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Greg Shearer, JPMorgan base and precious metals research head, discusses the aluminum market and the impact the conflict in the Middle East on prices. "Our outlook in the very near term is still for prices to move up towards $4,000 per metric ton," Shearer tells Bloomberg Television. "There will be demand destruction at those levels," he adds. (Source: Bloomberg)...
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