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China: A New Two-Year Plan to Restructure the Steel Industry
China has officially unveiled the Steel Industry Growth Plan 2025–2026, a two-year project aimed at stabilizing and modernizing the world's largest steel sector, responsible for over half of global steel production. The plan, signed by five key ministries and agencies...
PT Smelting Gradually Resumes Production Amid Oxygen Shortages and Copper Market Tensions
PT Smelting, a copper refining and smelting plant in Gresik, Indonesia, is gradually returning to operations after severe disruptions in late July and early August. The smelter, 66% owned by PT Freeport Indonesia, had suspended production due to oxygen supply issues,...
China: Steel Rises Amid Growth Plans and Market Uncertainty
The Chinese government has unveiled a two-year plan for 2025-2026 aimed at stabilizing the national steel giant and guiding it toward more modern and sustainable production. The initiative calls for an average annual growth of 4% in the industry's value added,...
Indian Recycled Aluminum Market: Amid Expectations, Caution, and Weak Demand
The Indian aluminum scrap market experienced a week of subdued trading, with buyers maintaining a cautious stance, hampered by weak domestic sentiment and widespread uncertainty. According to several traders, new bookings were limited to small lots, while the bulk of...