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Iron ore: price hits nearly 2-month low
Chinese iron ore futures fell as much as 7 percent Tuesday, touching their lowest in nearly two months, fueled by fears of higher interest rates and still stagnant domestic demand. The U.S. Federal Reserve approved a half-point increase in interest rates last week and...
Steel: demand for coils in Italy remains stagnant
Italian sales of cold rolled and hot dip galvanized coils continue to be particularly sluggish, with customers buying little material and expecting prices to continue to fall this week, in line with international coil prices. While HDG demand has been reported to be...
Tin: Chinese production increases in April
Chinese production of refined tin from major smelters rose 14.4% in April compared with the previous month, as most companies resumed the production process. Twenty smelters, accounting for 97% of China’s total capacity, produced 15,464 tons of refined tin last...
The United Kingdom sanctions the Russian steel plant Evraz
The British government has imposed sanctions on Russian mining and steel company Evraz because of its operations in sectors of strategic importance to the government of Russia. In a May 5 British government statement, Evraz’s main operations are in Russia and it...