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Thyssenkrupp to close Galmed plant in Spain
Germany's Thyssenkrupp will close its Spanish Galmed plant (FBA9), located near Valencia. The Sagunto plant can produce 450,000 tonnes per year of hot-dip galvanised coils. The material is mainly supplied to the automotive sector. The German steel company says it took...
HRC steel: restoring and reducing supply drives up prices
According to market sources, a lack of supply and a resumption of trading pushed up prices for hot rolled coil (HRC) in Europe on Thursday, 23 November, with restocking picking up in Italy, while northern Europe lagged behind. The main factor behind the rise in hot...
Copper: First Quantum suspends production in Panama due to ship blockade
First Quantum Minerals Ltd. has suspended production in Panama due to the vessel blockade that is limiting key supplies to one of the world's largest and newest copper mines. "Cobre Panama is no longer operating at commercial production levels," the Canadian company...
Zinc: LME stocks record further sharp increases, tripling in one week
Another large influx of zinc arrived at London Metal Exchange (LME) approved warehouses, meaning the total has more than tripled in about a week, reaching the highest levels in two years, according to LME data on Wednesday. The sharp rise comes amid an oversupply of...