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The Chinese Government Labor Report and Implications for the Steel Market.
The government's jobs report, presented by Chinese Premier Li Qiang on March 5 during the National People's Congress, did not inspire enthusiasm among steel market participants. Despite the announcement of further fiscal stimulus and the historic mention of the need...
New Steel Plant in Piombino: Agreement between Metinvest and Metinvest Adria
Italy's steel sector is preparing to welcome an important new development: the Ukrainian metals and mining group Metinvest recently signed an agreement with Italian equipment supplier Metinvest Adria to build a new steel plant in the port city of Piombino on Italy's...
BHP Will Invest AUD 40 Million for Exploration of Copper and Silver Deposits in Botswana
Multinational mining corporation BHP has announced an investment of up to 40 million Australian dollars (about 25 million U.S. dollars) to finance the exploration of Tier 1 copper and silver deposits in Botswana, in partnership with Australian company Cobre. The...
Hot Rolled Steel (HRC) Market in Europe: Prices Rising Awaiting Review of EU Safeguard Measures
Hot-rolled steel (HRC) prices in Europe are reacting as market participants prepare for the European Union's review of safeguard measures. According to reports on Friday, March 7, there is an increase in apparent demand, especially in northern Europe. Inquiries and...