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Palm oil: MEOA warns of possible future losses due to severe labor crisis
According to the a Malaysian Estate Owners’ Association (MEOA), Malaysia is missing a golden opportunity to capitalize on high palm oil prices and could suffer further production losses due to a “severe” shortage of about 120,000 workers. The...
Metal exchanges scheduled to close tomorrow due to public holiday
Tomorrow and the day after tomorrow, June 2 and 3, the Lme exchange will be closed for holidays. trading will resume normally on Monday, June 6. China’s Shanghai Metal Market will be closed only on June 3. Trading will resume normally on Monday, June 6. To stay...
Shanghai fully reopens to trade
Shanghai, China’s largest city, reopened for business on June 1 after a two-month COVID-19 freeze, with most construction sites resuming operations and steel warehouses reopening for cargo pickup. However, demand for rebar in the city may take some time to fully...
Steel: global production down in April
Global crude steel production was 162.7 million tons in April, down 5.1 percent from April 2021, according to World Steel Association data released May 24. Production from January to April was 619.1 million tons, down 7.1 percent from the previous year’s levels....