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Steel: Brazilian producer Gerdau suffers drop in net income
Brazilian steel producer Gerdau SA reported Wednesday that its quarterly adjusted net profit fell by about a third year-on-year, due to falling global steel prices and rising input costs. Net income reached 3.02 billion reais ($587.09 million), down 33.7 percent from...
Zinc: stocks at lows rally the price
After a continuous decline in zinc prices, the price began to react in November. Currently, quotations are in the $2,878/mt area (12:55 GMT+1), up 7 percent from $2,681 in early November. The continued decline in zinc prices has stimulated zinc market turnover and...
Caustic soda: price down 19%
Since Oct. 14, 2022, China area caustic soda prices have fallen by about 19.60 percent from 192.4 euros/mt to the current 154.68 euros/mt as of Nov. 4, 2022. Supply has remained stable while most major producing companies have had relatively linear production but the...
HRC steel: Chinese steel mills’ production falls to one-month low
Total hot-rolled (HRC) production of major Chinese steel mills hit a monthly low of 3.08 million tons between Oct. 27 and Nov. 2, falling for the second week by another 36,300 tons, or 1.2 percent on a weekly basis. Meanwhile, the hot rolling capacity rate also fell...