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Copper: Codelco workers go on national strike
Workers of the Chilean state-owned company Codelco will start a national strike today to protest against the government and company's decision to close a smelter. The workers had threatened a national strike if the board of directors did not invest in modernising the...
Lithuania blocks rail transit of Russian steel to Kaliningrad
Lithuania has imposed a ban on rail transit of Russian-origin steel to the Kaliningrad exclave, drawing criticism from Russia, which has threatened retaliation. The Lithuanian Foreign Ministry issued a note on Monday clarifying that it is only enforcing EU sanctions...
Steel: HRC prices falling across Europe
On 20 June, hot rolled coil prices fell by a further EUR 12/mt in Europe due to limited trading activity, as did prices in Italy. The price of hot rolled coils - Hrc - Europe euro/tonne stood at 875 euro/tonne, down 12 euro/tonne from the previous day. The bearish...
CMC Poland profits from steel ban in Russia and Belarus
In the third fiscal quarter to May (FQ3), CMC Poland increased steel shipments by 18% year-on-year to 476,000 tonnes. Merchant and other shipments increased by 16% to 306,000 tonnes, while rebar shipments increased by 21% to 170,000 tonnes. The average selling price...