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HRC steel: automotive prospects improve
An increasing number of players in the North-Western European coil market believe that prices are near rock bottom and will soon recover. However, this belief is not without its doubts. According to a manager of a Benelux service centre, 'more and more customers have...
Iron ore: price falls as China’s demand outlook weakens
Iron ore futures in Dalian and Singapore fell on Thursday as investors refocused on the gloomy outlook for Chinese demand after the government’s rhetoric on economic stimulus faded. Concerns remained over the COVID-19 blocks in China, the world’s top steel...
Steel: trade in China set to decline in the coming months due to weak demand prospects
China's semi-finished steel exports fell 3.1 percent month-on-month to 278,000 tonnes in June for the first time in three months. Although June's volume was still well above the 1,618 tonnes exported a year earlier, weak foreign demand led to a sharp drop in order...
PolyMet and Teck form joint venture to develop mining projects in Minnesota
PolyMet Mining Corp and Teck Resources Ltd said Wednesday that they will form a joint venture to develop their copper and nickel mining projects in Minnesota. The new company, called NewRange Copper Nickel LLC, will share the development costs of the two proposed...