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Pig iron: Brazil’s exports fall in January
Brazil's pig iron exports fell to 236,200 mt in January this year, down from 305,100 mt in the previous month. Exports totalled 203,700 tonnes at $566/tonne FOB to the US, 16,300 tonnes at $528/tonne FOB to Asia, including 15,100 tonnes to China, and 13,000 tonnes at...
Crude steel: US production up 0.5%
According to data released by the American Iron and Steel Institute, US crude steel production for the week ending 11 February 2023 was 1,509,555 tonnes, up 0.5% from the previous week and down 5.2% year-on-year. In the week ended 11 February, the capacity utilisation...
Copper: prices rebound as dollar weakens
Copper prices are rebounding on the back of a weakening dollar and investors' hopes that US data will show falling inflation. Three-month copper on the London Metal Exchange stood at $8,964/mt, in line with yesterday's close, but up 1.11 percent from Friday's close....
Steel: China’s imports of finished products fall by 25.9%
As He Wenbo, CEO of the China Iron and Steel Association (CISA), said at the sixth CISA General Assembly held in Beijing on 13 February, China's finished steel imports in 2022 fell 25.9 per cent year-on-year to 10.57 million tonnes, the lowest level since 1993. In...