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China and the Pause in Gold Purchases: A Signal of Geopolitical Changes?
China stopped buying gold for its reserves for the fourth consecutive month at the end of August, official data show. Despite this, the value of the country's gold reserves increased to USD 182.98 billion, up from USD 176.64 billion at the end of July. The volume of...
The Steel Price Crisis in Europe: A Falling Market and Negative Prospects
Despite attempts by European steel producers to increase plate prices last month, the steel market continued to see a decline in prices. This reflects a growing imbalance between supply and demand, with many mills struggling to maintain profit margins and sustain...
China’s alumina production exceeds 7 million tonnes in August 2024: growth and prospects
China's metallurgical alumina production maintained a steady growth trend in August 2024, surpassing 7.22 million tonnes, marking an increase of 0.67% from the previous month. On a year-on-year basis, production grew by 2.82%, consolidating China's position as the...
Turkish wire rod export growth and challenges: an analysis of 2024 dynamics
Turkey's steel sector, and wire rod exports in particular, went through considerable fluctuations in the first seven months of 2024, with data reflecting a complex situation between monthly decline and year-on-year growth. July 2024 decline According to the Turkish...