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Steel: the worst seems behind us but demand will remain negative
The year 2022 ended with a sharper-than-expected slump in apparent steel consumption (-7.2%), due to the sharp contraction in steel demand resulting from the energy crisis and the impact of the war in Ukraine. Although the worst seems to be over after Q4 2022,...
Steel: Turkish production and exports may stabilise from June
According to the Turkish Steel Producers' Association (TÇÜD), Turkish crude steel production stood at 2.7m tonnes in March this year, down 18.6 per cent year-on-year, while the country's crude steel production stood at 2.7 per cent year-on-year. due to the...
Nickel: the world’s largest projects
Nickel is a key component of the batteries that power electric vehicles, and as the world moves towards full electrification, data from the International Nickel Study Group show a massive 22% year-on-year increase in January for global nickel production. At the...
Codelco’s profits hit by falling prices and sales
Chile's Codelco, the world's largest copper producer, reported a 73% drop in pre-tax profit in the first three months of this year, mainly due to falling prices and sales volumes. Codelco's pre-tax profit was $418 million in the January-March period. The state-owned...