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Steel: European Commission confirms definitive safeguard quota measures
The European Commission has released final plans to introduce global quotas for certain products and to maintain safeguard measures for steel until 2024. After the annual review of the safeguard measures, the EC sent a draft proposal to the WTO on 30 May, stating that...
Copper: the metal suffers a sharp weekly loss due to concerns over slowing demand
Copper prices in London headed for their worst week in a year on Friday, while prices in Shanghai headed for their steepest weekly drop since March 2020, as worries grew over recession and weak economic readings indicated a likely impact on demand. Three-month copper...
Steel: crude production in May fell by 3.5 % y/y
World crude steel production for the 64 countries belonging to the World Steel Association was 169.5 million tonnes (Mt) in May 2022, down 3.5% from May 2021. Crude steel production by region: Africa produced 1.1 Mt in May 2022, down 18.9% from May 2021; Asia and...
Aluminium: global production shifts back to China
China produced a record 3.42 million tonnes of primary aluminium in May, as the country’s smelters continue to increase production rates. According to the International Aluminium Institute (IAI), the country’s annual production increased by 3.66 million...