Loading
Iron ore: Chinese market recovers after PBOC cuts bank reserve ratio
China's iron ore market received a boost after the country's central bank announced a larger-than-expected cut in bank reserves in an attempt to support the struggling economy and boost consumer confidence. On 24 January, the People's Bank of China (PBOC) said it...
ArcelorMittal Kryvyi Rih’s capacity utilisation stands at 25-40% in 2023
ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of global steel producer ArcelorMittal, announced its production results for 2023. The company was able to utilise 25-30% of its metallurgical production capacity and 40% of its mining unit capacity in 2023 due to the...
Steel: Outokumpu completes purchase of 10 per cent of Cronimet
Finnish steelmaker Outokumpu has finalised the acquisition of a 10% stake in German stainless steel and ferroalloy recycler Cronimet North-East. In addition to supplying Outokumpu's European steel mills with Cronimet's stainless steel scrap from sites in north-eastern...
Tin: green industry demand is ready to absorb surplus stocks
The potential build-up of tin stocks for this year could put pressure on prices, but accelerating demand from the energy transition sector, including solar panels and electric vehicles, should support prices in the future. Tin is used in soldering circuits for...