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HRC steel: EU market needs production cuts to halt falling demand
Market participants said they believe production cuts are necessary to stabilize the bearish market, with steep discounts not stimulating trading. Hot-rolled coils in northern Europe were down 15 euros/mt on Aug. 24, settling at 765 euros/mt ex-works. However, overall...
Steel: purchases by Brazilian distributors increased 5.2 percent on a monthly basis
Purchases by Brazilian steel distributors increased 5.2% on month and 12.3% on year in July to 332,300 tons. The group also showed that flat steel sales increased 20.6 percent year-on-year in July, up from 261,400 tons in the same period a year earlier. At the same...
Steel: India will become the largest producer
According to Indian Steel Minister Jyotiraditya Scindia, India will become the world's largest steel producer in the future. Currently, the country is the second largest steel producer after China. The minister also stressed that the promotion of domestically produced...
Tin: Auxico enters into major purchase agreement from Massangana Tin Tailings project in Brazil
The Canadian company said the agreement calls for the purchase of 3,600 tons of tin concentrate per year over a five-year period, for a total of 18,000 tons of commercial tin concentrate. Auxico Resources Canada Inc announced the signing of a purchase agreement with...