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HRC steel: trade down in European oversupply market
European buyers of hot-rolled (HRC) steel coils continued to postpone any replenishment due to lacklustre price expectations, sluggish demand and a lack of clarity on EU-imposed import quotas for the second quarter. Since the beginning of February, trading on the...
Crude steel: world production up 3.7% in February
The World Steel Association (Worldsteel) announced that world crude steel production was 148.1 mt in February this year, down 5.8% month-on-month and up 3.7% year-on-year. In the January-February period of the year, world crude steel production increased by 3%...
Zinc-lead: Glencore shuts down major mine in Australia after heavy rains
Glencore Plc has halted operations at its McArthur River (MRM) zinc-lead mine in Australia following heavy rains this week. The suspension could exacerbate supply shortages of zinc concentrates, a raw material for the production of refined zinc, which is mainly used...
Aluminium Alloy: Emirates acquires Leichtmetall Aluminium Giesserei Hannover GmbH
Emirates Global Aluminium (EGA), a UAE-based metals producer, announced the signing of what it calls a binding purchase and sale agreement to acquire Leichtmetall Aluminium Giesserei Hannover GmbH. According to the EGA, the acquired company produces 80 per cent...