Milan – An invitation to calm and an appeal to everyone’s sense of responsibility – this sums up the words spoken by Riccardo Benso, president of Assofermet, the Italian association of local steel and scrap distributors, during the EUROMETAL SSC Regional Meeting.

Brussels – The EU has launched a WTO challenge against Indonesian export restrictions on the raw materials used in stainless steel production. The European Steel Association (EUROFER) welcomes the announcement by the European Commission that they are taking Indonesia to the WTO.

Moscow - 9M Revenue down 4% y-o-y at $3,667m. Russian division’s 9M Revenue up 4% y-o-y at $2,719m.

Paris – Trade conflict, weak business investment and persistent political uncertainty are weighing on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest Economic Outlook.

Düsseldorf – For North American Stainless (NAS) in Ghent, Kentucky, SMS group  has successfully commissioned a torque retainer for the 160-ton AOD converter no. 1. The customer issued the final acceptance certificate shortly thereafter.