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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...
Hot rolled coils: prices still down due to weak demand
Domestic prices for hot-rolled coils declined in Northern Europe due to limited purchasing activity. Northern European HRCs were assessed to be down €10 at €1265/mt ex-works Ruhr. Although there were few official offers at 1300-1330 euros/ton ex-works Ruhr, these were...
Steel: new supplies expected on the market
ArcelorMittal has announced that it will invest €300 million in the construction of a new steel unit at its Mardyck site in northern France. The plant , which will come on stream in 2024, will have an annual production capacity of up to 200,000 tons of high-strength...