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Copper: imports into China in June fell by 16.4 % due to continued weak demand
China's copper imports fell 16.4 per cent in June from a year earlier, customs data showed on Thursday, due to a combination of strong domestic production and weak demand in the world's top consumer of the metal. Imports of raw copper and copper products totalled...
Steel: Chinese steelmakers brace for a difficult second half of the year amid insufficient consumption and falling prices
China’s major steelmakers recently warned of a ‘very difficult’ second half of the year (H2), which could have an impact on steel prices. As reported by market sources quoting the China Iron & Steel Association (CISA), this goes against previous...
Copper: Chinese credit data and falling dollar support prices
Copper prices were supported by credit data from major consumer China and a lower dollar ahead of US inflation data, but doubts about a significant recovery in demand weighed on sentiment. Benchmark copper on the London Metal Exchange (LME) was up 1 per cent at $8,424...
ABS acquires Rott-Ferr
Acciaierie Bertoli Safau (ABS), the steel unit of Italian plant supplier Danieli, has announced the acquisition of Rott-Ferr, which specialises in scrap collection and industrial demolition. Rott-Ferr, which has been active in the steel industry for more than 20...