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HRC steel: Turkish exports fell by 30.8 per cent in January-April
According to data provided by the Turkish Statistical Institute (TUIK), Turkey's HRC steel exports amounted to 66,245 tonnes in April this year, down 42.5% month-on-month and 41% year-on-year. However, revenue from these exports was $49.62m, down 42% month-on-month...
Copper: price falls from almost one-month highs on demand fears and rate caution
Copper prices in London fell from near one-month highs on Monday, reflecting tepid improvement in physical demand in China and caution ahead of the US Federal Reserve's rate decision. Three-month copper on the London Metal Exchange fell as low as $8,260/mt and then...
Steel and aluminium: India is unlikely to get an exemption from US duties
India has asked the US for duty-free steel and aluminium in exchange for the removal of some tariffs on US agricultural products, but it appears that Washington is not seriously considering the offer. Negotiators in New Delhi and Washington hope to reach an agreement...
Aluminium: Norsk Hydro buys land in Spain to build a recycling plant
Norwegian metals and renewable energy company Norsk Hydro has agreed to buy land in Spain to build an aluminium recycling plant, according to a statement. Norsk Hydro estimates that the total investment in the project will be EUR 130-140 million (USD 141-151 million)....