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Steel: Italy will put former steel company Ilva under government control
Italy will put former steel company Ilva under special administration to keep it alive, according to a meeting between the government and trade unions on Thursday, 18 January. The move follows weeks of clashes between Prime Minister Giorgia Meloni's administration and...
Copper: price rebounds thanks to weaker dollar
Copper is trading higher today Friday, 19 January, thanks to the falling dollar, but the metal is headed for a weekly loss due to weak Chinese economic data and a strengthening greenback earlier in the week. Three-month copper on the London Metal Exchange (LME)...
Crude steel: production in Italy increased by 6.5% in December
According to data released by the Italian Steel Producers Association, total crude steel production stood at 1.3m tonnes in December last year, up 6.5% year-on-year. On the other hand, total crude steel production in 2023 fell by 2.5% year-on-year to 21.1m mt. In...
Metinvest and Danieli sign agreement for Piombino plant in Italy
The initial agreement (memorandum of understanding) to build a new steel plant in Piombino, in the province of Livorno, was signed on Wednesday. The parties involved are the Ministry of Enterprise and Made in Italy, the Region of Tuscany, the Municipality of Piombino...