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HRC steel: Chinese steel mills’ production falls to one-month low
Total hot-rolled (HRC) production of major Chinese steel mills hit a monthly low of 3.08 million tons between Oct. 27 and Nov. 2, falling for the second week by another 36,300 tons, or 1.2 percent on a weekly basis. Meanwhile, the hot rolling capacity rate also fell...
Aluminum: South32 suspends Mozal smelter feed line after accident
According to a recent report, South32 has temporarily halted its aluminum production line at the Mozal smelter in Mozambique after an accident on Monday, November 7, left two people dead and one injured. The news came after South32 reported that: "Reduction operations...
Copper: Codelco proposes 33% price increase for Chinese buyers by 2023
Chile's Codelco, the world's largest copper mine, has proposed a premium of $140 per ton for 2023 supplies to at least two Chinese customers, an increase of 33.3 percent from this year. The proposed premium, up from $105 per ton this year, is paid on top of London...
Steel: Asian prices fall despite Hoa Phat production cuts
The steel mill will stop production at four blast furnaces in November, while another blast furnace is likely to be stopped in early December due to weak steel demand and prices. The steel mill will stop two blast furnaces at Hoa Phat Dung Quat and two at Hoa Phat Hai...