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Steel: POSCO has started operation of the No. 3 blast furnace in Pohang
Steel giant POSCO has started normal operations of Pohang blast furnace No. 3 and is focusing on continuing casting and rolling operations. Specifically, all blast furnaces are now in operation at the Pohang plant. On September 12, POSCO restored the steelmaking and...
Iron ore: price rises on supply concerns and Chinese demand
Dalian iron ore touched a two-week high Tuesday as trading resumed in China's top steel producer after a three-day vacation weekend, with supply concerns and signs of stronger demand supporting prices. The most-traded January iron ore on China's Dalian Commodity...
Aluminum: prices fall despite smelter closures denting supply
Aluminum prices approached long-term weekly demand zones this week. These are price levels that usually trigger a strong rally. Prior to the recent short-term declines, prices bounced off these levels, moving up into strong down zones (supply zones). Should prices...
Looming U.S. rail strike could disrupt commodity markets
Commodity markets are keeping a close eye on negotiations between U.S. railroads and unions on Sept. 13 as the deadline approaches for a strike that would restrict shipments of agricultural and energy products, causing prices to soar. Ten of the 12 major unions have...