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EU distributor shipments continue downward trend
EU distributor shipments in the first six months of the year continued their negative trend. Service centers for flat products saw six-month shipments decline by 1.1 percent year-on-year. In the January-May period, the annual change was still slightly positive (+0.1...
Aluminum: prices on standby, weighed by weak demand
Shanghai aluminum prices rose Thursday, buoyed by depleted inventories and rising energy costs, but prospects for weakening demand limited gains. Norsk Hydro NHY.OL said Wednesday it will close an aluminum production plant in Slovakia by the end of September,...
Copper: Codelco will resume construction of mining projects in the coming days
Chilean state-owned Codelco, the world's largest copper producer, plans to resume construction of mining projects in the coming days after two fatal accidents put work on hold last month. "We will take as much time as necessary so that all our processes, all our...
HRC steel: prices in Europe remain stable
European hot-rolled coil prices remained stable on Aug. 16 amid minimal trade, although sentiment on price direction remains uncertain. Northwest European HRC stood at 779.25 euros/mt on Aug. 16, in line with the previous day's prices. Earlier, it had been heard that...