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Base metals: Turkish production falls 6.5 percent in November compared with October
According to data released by the Turkish Statistical Institute (TUIK), Turkey's monthly seasonally and calendar-adjusted industrial production in November last year fell 1.1 percent from the previous month, while the calendar-adjusted index fell 1.3 percent from...
Aluminum: sharp rebound in prices. New chances for recovery
After 5 weeks of continuous declines and having approached key medium-term support (200-week moving average) last week, aluminum pieces triggered a decisive rebound, favoring a close on yesterday's day of more than 5 percent. Earlier this year, China increased tariffs...
Steel: Brazilian producers announce across-the-board price increase
Brazilian steel and iron ore producer CSN announced a 10 percent price increase for all steel products in its line, including flat and long products, starting Jan. 1, 2023. Meanwhile, ArcelorMittal Tubarão announced that it has increased the price of HRC, CRC and...
India becomes net importer of finished steel in third quarter 2022-2023
According to data from the Ministry of Steel's Joint Plant Committee (JPC), India became a net importer of steel in the third quarter (October-December) of fiscal year 2022-2023, with domestic shipments exceeding overseas sales. Data showed India's total steel imports...