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Copper: According to satellite data, global copper smelting decreased in June
Worldwide copper smelting activity declined in June, due to a shutdown in Chile, the largest producer, satellite surveillance data from metal processing plants show. Chilean state-owned Codelco, the world's largest copper producer, said on 8 June that it had shut down...
German market expects production cuts
German steel producers, traders and buyers expect a continuation of the downward price trend in July, together with clear expectations of production cuts. According to many sources it would not make sense for steel mills to reduce prices further, it would not help to...
HRC steel: EU buyers wait for clear trend signals before sourcing
European buyers of hot-rolled coils followed a wait-and-see strategy on 4 July, waiting for certainty on price direction and levels before resupplying substantially. HRC in northwestern Europe settled at EUR 840/mt ex-works on 4 July at EUR 818.50/mt, up slightly from...
Cars: Japanese carmakers’ production falls again in May
In May, Japan's eight major carmakers produced about 1.6 million units at their global plants, down 0.3% year-on-year. According to industry observers, reduced production at domestic plants in May, due to delays in receiving components, meant that overall production...