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Chinese steel bar producers ask authorities to limit production in the wake of falling prices
Fifteen of China's leading steel bar producers have unanimously asked the authorities to take measures to restrict steel bar production to support prices. Fifteen of China's major steel bar producers unanimously asked the authorities to take measures to restrict steel...
Steel: Severstal shuts down blast furnace No. 5 for renovation work
Russian steel producer Severstal announced that it has taken blast furnace No. 5 at its Cherepovets plant out of service due to extensive repair and refurbishment work. The blast furnace, which has an annual pig iron production capacity of 4.2 million tonnes, is the...
Chilean Codelco reports a drop in profits in 2023 due to declining production
Chilean copper giant Codelco reported gross profits of $3.12 billion for 2023, down 34 per cent year-on-year, after the state-owned company faced operational and production challenges. Codelco, the world's leading copper miner, reported production of 1.325 million...
Metal scrap: Turkish prices on the rise
In the past two weeks, scrap prices in Turkey have increased from $377.5/t mid-month to $381/t CFR on 21 March and to $385.5/t CFR on 26 March for HMS 1/2 80:20 from continental Europe, with shipments due in late April and May. In addition, an exchange between a...