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Steel: China’s steel demand slows in April
Steel demand in China is expected to continue to decline in April as deteriorating property sales weigh on domestic steel markets. The liquidity crisis facing property developers could extend into much of 2022, undermining Chinese steel demand for this year....
Steel: Russian producers to be exempt from excise duty
Russian Prime Minister Mikhail Mishustin has given orders to draw up a list of companies that will be exempt from the excise duty on liquid steel that has been introduced for the metals industry as of this year. The government confirms that these will be companies...
Copper: Las Bambas mine suspends operations
MMG Ltd reported on Monday that its Las Bambas copper mine in Peru will suspend operations from 20 April after residents of a nearby community entered the property as part of a protest. Las Bambas accounts for 2% of global copper supply and is subject to recurring...
Steel: Chinese prices fall on weak demand
Domestic steel market prices in China declined and were mostly influenced by low demand for finished steel products amid poor weather conditions and the expectation of improved supplies with the lifting of the lockout at the Tangshan steel hub. In addition, volatility...