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HRC steel: prices rise thanks to slow recovery in demand and production cuts
Domestic hot rolled steel prices rose across Europe on 12 July, thanks to a gradual recovery in inventories by buyers and production cuts by mills. HRC North Western Europe settled at EUR823/mt ex-works on 12 July, up 1.35% from EUR812/mt the previous day. Buyers in...
Stainless steel: Chinese production to decline further in July after June’s sharp drop
According to the SMM survey, domestic stainless steel production was 2.68 million tonnes in June, down 6.08% month-on-month and 3.55% year-on-year. Production of the 200 series increased by 6.32% year-on-year to 797,000 tonnes in June, that of the 300 series decreased...
Steel: UK Steel urges government to create political conditions for decarbonisation
The steelmakers' association UK Steel has called on the UK government to continue ongoing conversations to achieve electricity cost parity between domestic steelmakers and their EU counterparts, to introduce a carbon adjustment mechanism at the border, and to support...
Copper: Anglo American’s Quellaveco produces the first concentrate
Anglo American said on Tuesday it had started producing copper concentrate from its $5.5 billion Quellaveco mine in Peru, which is expected to produce between 100,000 and 150,000 tonnes this year. Earlier this year, the company, which holds a 60 per cent stake in the...