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HRC steel: European market slows down
European buyers of hot-rolled coils (HRC) were mostly unconvinced by the price increases proposed by mills in the region, citing insufficient demand in a market overburdened with supply. At the beginning of the week, several European mills announced small price...
Rare earths: key figures in Vietnamese industry arrested
Vietnamese police arrested six people accused of violating mining regulations, including the president of a company at the centre of efforts to develop Vietnam's rare earth industry, seizing 13,715 tonnes of rare earth minerals. Among those arrested was Luu Anh Tuan,...
Steel: global demand decreases in August
In August, apparent steel consumption decreased by 4.5 percent from the previous month, but increased by 1.3 percent year-on-year to 146.4 million tonnes. So far this year, Europe and South-East Asia have been the main drag on growth. While China has stalled, India,...
Steel: Gulf countries have started to compete with Turkey
The Association of Steel Exporters (ÇİB) emphasised that the Turkish steel market has started to lose positions to new competitors and that investments should be directed towards high value-added products. Ahmet Kamil Erciyas, a member of the ÇİB Board of Directors...