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Ferrous scrap: Shagang Steel reduces purchase price by $15/t due to bearish sentiment
China's leading electric arc furnace (EAF) steelmaker, Jiangsu Shagang Group, reduced scrap purchase prices for the third time in June 2022 due to poor domestic sales of finished steel. Sources confirmed that the steel mill reduced scrap purchase prices by RMB...
Codelco unions ready for strike after closure of Chilean foundry
Workers at Chile's state-owned mining company Codelco, the world's largest copper producer, said Saturday they would begin preparations for a nationwide strike after the company announced the closure of its Ventanas smelter. The unions had threatened to strike last...
Iron ore: falling price due to planned production cuts at steel mills
Due to news about production cuts at steel mills, ferrous metal prices continued to fall. The decline was mainly due to weak final demand and poor market sentiment. At the same time, market pessimism intensified due to the planned production cuts by steel mills. As of...
EU initiates expiry review of anti-dumping measures on rebar from Belarus
The European Commission has initiated an expiry review of its anti-dumping measures on rebar imported from Belarus, it said on Tuesday (14 June). The definitive anti-dumping duties, set at 10.6 per cent, were imposed by the Commission on 16 June 2017 and were...