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POSCO restarts CR steel plant No. 2 and electric steel plant No. 1
South Korean steelmaker POSCO Group announced that it has restored and restarted Steel Mill No. 2 and Electric Steel Plant No. 1 in Pohang, after being suspended last September due to the fire caused by Typhoon Hinnamnor. Cold steel mill No. 2, which restarted on 24...
Coal and iron ore: Chinese imports increased in January-July 2023
In the January-July period, China's coal imports amounted to 261.18 million tonnes, up 88.6% year-on-year. In July alone, coal imports decreased by 1.5% from the previous month to 39.26 million tonnes, up 66.9% year-on-year. In the January-July period this year, China...
Aluminium: Romanian producer Alro makes a loss in the first half year
Romanian aluminium producer Alro Group closed the first six months of 2023 with a net loss of 164m lei ($36.4m/€33.1m), after posting a net profit of 15.3m lei in the same period last year. Alro's turnover fell to 1.55bn lei in the period under review, from 2.1bn lei...
Copper: speculators increase net long positions
LME copper prices started to show uncertainty last month, in the absence of directional strength. Today, copper prices continue to move in a sideways range. Despite the long-term bullish outlook, copper prices remain rather hesitant. Although prices have risen almost...