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Steel: the entire US logistics system faces potential collapse
About one-third of all U.S. exports rely on freight transportation. Food, wood, coal and metal move through the 140,000 miles of U.S. transportation lines. Because of this, many U.S. freight suppliers are concerned about the possibility of another major rail strike....
Steel: Chinese blast furnace capacity utilization drops for second week to 87.64 percent
The blast furnace (BF) capacity utilization rate of China's 247 steel mills fell for the second week by another 0.62 percentage points to 87.64 percent during Oct. 21-27, as some mills continued to reduce output in response to persistent steel margin thinning or even...
Copper: Huancuire indigenous community wants to become shareholder in Las Bambas
Representatives of the Huancuire community, located in the Apurimac department of south-central Peru, are considering applying the indigenous concept of "waqui" in their relationship with the Chinese mining company MMG and its Las Bambas copper mine. Speaking to local...
Chinese steel association plans to promote mergers and acquisitions
The China Steel Association said Monday that it will step up efforts to promote mergers and acquisitions in the steel sector to increase industrial concentration and profits amid challenges such as the increasingly complex international landscape, the recovery of...