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The Strait of Hormuz, through which roughly 20% of global oil and liquefied natural gas (LNG) flows, has been closed for three months since US-Israeli strikes on Iran began on February 28, driving up energy costs and putting Europe's aluminium sector under pressure.
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Latest news and market analysis

Asia holds a growing pipeline of CORSIA-eligible supply, yet slow carbon credit authorization keeps much of it off the market as airlines approach mandatory 2027 compliance.

Amid solid demand and tight supply, Poland’s unbleached kraftliner prices increased in June, while recycled containerboard prices remained unchanged.

JSW Steel USA’s production of its first fully degassed 12-inch slab at its mill in Mingo Junction, Ohio, could reduce the company’s reliance on imported slab, according to information obtained by Fastmarkets, raising questions about future demand for Brazilian exports at a time when the global slab market is already facing weaker demand and increasing competition.

Latin America’s apparent steel consumption is expected to remain broadly stalled in 2026 before recovering more meaningfully in 2027, but the region’s steel industry continues to face mounting pressure from rising imports and historically weak production levels, according to Latin American steel association Alacero.

Shin-Etsu Chemical, one of Japan’s largest manufacturers of rare earth magnets, plans to build a new domestic rare earths refinery in Fukui, Japan, as first reported by Nikkei Asia.

The Mexican containerboard market saw a rapid shift in June as reduced US paper exports forced buyers to refocus on domestic supply, triggering price increases.

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