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Southern Copper to invest $8 billion in Peruvian projects
During the Southern Mining Framework's 5th International Congress, Southern Copper announced that it will invest $8 billion in its various projects in the country, including Tía María. In October 2019, construction of the $1.4 billion Tía María project in the southern...
China’s blast furnace capacity utilization drops to a ten-month low
The blast furnace (BF) capacity utilization rate among 247 steel mills across China fell 1.66 percentage points during the week, reaching a new low since May 15, 2020, although the rate still appears high at 90.39%, mainly due to the ongoing curtailment of steel...
China’s finished steel exports rise 30% year-on-year
According to data released by the General Administration of Customs China (CGAC), China's finished steel export volume rose 30% year-on-year in the first two months of 2021 to 10.14 million tons. Slowing domestic demand and improving foreign demand with global...
Rising in imported Turkish scrap price
Scrap imports in January increased 14% year-on-year: Turkey, the world's largest importer of ferrous scrap, observed a 14% increase in January to 1.93 million tons. The UK remained Turkey's largest supplier, followed by Russia and the Netherlands. However, on a...