The European aluminium industry fretted over the availability of Russian material the last time sanctions were applied in 2018, but with premiums already pushing to near all-time highs following Russia's invasion of Ukraine, it's clear the market's reaction is very different this time around.

The price of steel hollow sections in the European domestic market jumped sharply again this week amid soaring costs and limited availability of hot-rolled coil (HRC) feedstock, sources told Fastmarkets on Wednesday March 16

The European Commission announced its fourth package of restrictive measures against trade with Russia on Friday March 11, in response to that country’s invasion of Ukraine

Tight availability of primary aluminium in Europe continues to push premiums higher, with Fastmarkets’ duty paid Rotterdam premium hitting a fresh all-time high

Primary foundry alloy (PFA) premiums reached new all-time highs in both Europe and the United States in the month to Monday March 14, following increased supply concerns in both regions related to the Russian invasion of Ukraine

Despite the belief in some quarters that the benchmark aluminium premium in the United States had finally peaked, the P1020 premium rose to yet another all-time high on Friday March 11, approaching 40 cents per lb

There is an increasing likelihood that Russian hot-rolled coil might be sold through Chinese channels in the near term due to the mounting sanctions being imposed on Russian oligarchs and businesses, a trader in Asia told Fastmarkets on Friday March 11.

Russia’s belligerence against Ukraine has highlighted again the theme of national security and energy independence for the EU and the United States, in light of the steps that both are taking toward a future-proof energy transition

Export prices for Chinese heavy plate increased in the week to Tuesday March 8 amid active trading, which was partly fueled by fears over tightening supply amid the ongoing Russia-Ukraine war

Steelmakers in Russia have been searching for export opportunities with countries that do not support Western sanctions, sources told Fastmarkets on Wednesday March 9