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Steel/Rebar: UK proposes lifting anti-dumping measures from China
The UK government has proposed the removal of anti-dumping measures on rebar from China to meet demand from the construction industry. In its initial findings, the UK Trade Remedies Authority proposed on 13 July to lift existing anti-dumping measures on imports of...
Iron ore: quotations rebound but steel prices fall due to China’s problems
Dalian and Singapore iron ore futures rebounded on Wednesday after data showed that Chinese exports grew at a faster-than-expected pace in June, rekindling hopes of a recovery in demand for the raw material for steel production. In June, Chinese exports grew at the...
Aluminium: Rio Tinto will increase production in Canada
Rio Tinto said on Wednesday it will invest $188 million to increase production capacity of low-carbon, high-value aluminium billets by 202,000 tonnes at its Alma smelter in Quebec. Rio Tinto said it will expand the existing casting centre at the Alma plant to...
Commodities: Chinese demand falls
Growing fears in China of stagnating demand for steel and raw materials have sent prices of related commodities plummeting in recent days, with market sources warning on Wednesday that the outlook for demand in the near future remains negative. On Tuesday, the most...