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HRC steel: European producers reluctant to cut prices again due to rising costs
European hot rolled coil (HRC) prices partially stabilised on Thursday, 5 October, despite the slowdown in demand, but a further cut is unlikely due to rising production costs. HRC Hot Rolled Coils - Northern Europe prices stood at €612/mt on 5 October, but trading in...
Italian distributors rule out price collapse despite slowing growth
Italian steel distributors and service centres claim that product values will 'inevitably fall' if the current level of demand and small volume sales continue in the fourth quarter. 'There is a lack of volumes. Our customers continue to order the minimum quantity...
Buenaventura stops mining in Peru due to permit delays
Buenaventura, Peru's largest listed precious metals producer, has suspended its Colquijirca Tajo Norte zinc-lead-silver mine for up to three years due to permit delays. The approval of a modified environmental impact study for the mine's processing plant has been...
Steel: Ukraine could double production with the opening of seaports
Ukraine will increase its steel production to 6.5 million tonnes in 2023, but could double it if its seaports are unblocked, the head of steel producers' union Ukrmetalurgprom said on Thursday. Ukraine was ranked 25th among steel producing countries in 2022, when the...