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Copper: BHP predicts market takeoff. The mega-trend of electrification
After falling to 20-month lows in July, copper managed to climb back up to $8,000 a ton, thanks to hopes that China's slowdown was now over. According to BHP's forecast, corporate copper production will increase by 4 percent to 16 percent over the next 12 months, and...
Steel: growth in offshore wind will boost demand
According to Wood Mackenzie, the growth of the offshore wind market is set to explode, with an increase in wind tower tonnage and thus demand for steel. With more countries committing to stricter climate goals, offshore wind is a key technology that will fuel global...
Steel: Jan. 16, 2023 deadline to take action on import safeguard measures between Turkey and EU
Turkey and the European Union have agreed to implement WTO rulings and recommendations on Turkish steel import tariffs by Jan. 16, 2023. The announcement follows the establishment of a WTO dispute panel in 2020 to examine a complaint by Turkey on EU safeguard measures...
Carbon steel: sales in the Japanese market declined further in June
In June, sales of carbon steel in the Japanese domestic market fell for the tenth month by 8 percent year-on-year to about 2.97 million tons, marking the second month below 3 million tons, according to new data released by the Japan Iron & Steel Federation (JISF)...