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Yamada signs strategic agreement with Martinrea to strengthen production of aluminium components for EVs in Japan
Martinrea International Inc. announced the signing of a strategic partnership with Yamada Manufacturing Co., Ltd., a renowned manufacturer of chassis, transmission units and drivetrain components based in Gunma, Japan. This partnership will undoubtedly strengthen...
HRC steel: European market remains quiet in the absence of
Hot-rolled (HRC) steel coil prices in Europe remained largely unchanged on Tuesday, 17 October, but some producers are considering raising prices despite weakening demand, citing high costs. Distributors and steel service centres (SSCs) in Northern Europe have adopted...
Crude steel: production in Italy increased by 4.4% year-on-year in September
According to data released by the Italian Steel Producers Association, total crude steel production increased by 4.4% year-on-year to 1.96 million tonnes in September this year. In the first nine months of the year, on the other hand, total crude steel production fell...
Glencore to close Mount Isa copper mines by 2025, cutting 1,000 jobs
Mining and trading company Glencore is set to close its three underground copper mines in Mount Isa by the end of 2025, in a move that will result in the loss of about 1,000 jobs. The company will, however, keep its refinery and smelters in central Queensland open....