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Steel: Iran’s production and exports down in May
Iranian steel production fell for the fourth consecutive month in May as domestic consumption and exports continued to decline due to the flooding of the global market by cheap Russian steel. According to Oslo-based Rystad Energy, one of the world's top 10 steel...
Palm oil: prices drop 22% monthly, the worst in almost 14 years
Malaysia's palm oil futures recorded their biggest monthly drop since October 2008 on Thursday due to weak exports, although prices rose throughout the day as top producer Indonesia is considering increasing its biodiesel mandate. Indonesia is considering expanding...
HRC steel: EU producers resist price drops despite low demand
European producers sought to avoid price cuts on hot rolled coils on 29 June, despite weak demand from end consumers and distributors. The weak demand for flat steel in Europe was caused by a combination of high distributor inventories, logistical problems at ports,...
Ferrous scrap: procurement is a priority for Italian steel producers
Energy and ferrous scrap procurement are high on Federacciai's agenda, said the association's new president, Antonio Gozzi. Italy is Europe's second largest steel producer and is very unique in that 80 per cent of its crude steel production is by electric furnace,...