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Copper: prices are helped by improving macro data
Copper rose to one-month highs Tuesday on the back of an improved demand outlook due to stronger-than-expected data from the United States and China, the main consumer, and a falling dollar. Benchmark copper on the London Metal Exchange is trading at 10:07 a.m. GMT+2...
Steel: JSW Steel’s production grew 14 percent in July
JSW Steel reported crude steel production for July 2022 at 15.69 million tons compared to 13.82 million tons in July 2021, registering a 14 percent year-on-year growth. Flat rolled steel production increased by 15 percent to 10.72 tons, while long rolled steel...
Carbon: India is close to creating a local market by banning export credits
On August 8, India's lower house of parliament, the Lok Sabha, passed a bill to create a national carbon market; Electricity and Renewable Energy Minister Raj Kumar Singh said carbon credits would not be allowed to be exported. No details were given on when the ban...
Steel: German mills offer further discounts to secure summer volumes
Hot-rolled coil prices in Northern Europe continued to fall Aug. 8 as German steel mills offered discounts on official bids to secure volumes over the vacation period. Hot-rolled coil in Northwest Europe (HRC) stood at 806.50 euros/mt on Aug. 8, down 3 euros/mt from a...