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HRC steel: weak demand drives European prices down further
Hot-rolled coil (HRC) prices in Europe weakened slightly due to persistently slow trading on Tuesday, April 16, and further declines are expected due to weak order books at steel mills. May deliveries were still available from European steel mills, which is another...
Steel: ArcelorMittal raises prices of long products across Europe
ArcelorMittal has increased the price of long steel products by 20 euros ($21.28) per ton across Europe, sources said on the sidelines of the Wire and Tube fair in Dusseldorf. In the first week of April, prior to the price increase, ArcelorMittal offered rebar in...
Nickel: ore shortage in Asia will be reduced in the second quarter due to a potential increase in Indonesian supply
Asia's nickel ore supply shortage is likely to ease in the April-June quarter thanks to a potential increase in Indonesian production, after the government decided to speed up the mining quota approval process. Earlier this year, Indonesia, the world's largest nickel...
Copper: production growth in Peru reaches 13% in February
Peru's copper production grew by 12.7% in February to 216,752 tonnes, the country's Ministry of Energy and Mines said on Tuesday. Peru is one of the world's leading copper producers and the mining industry is a key driver of the Andean country's economy. The...