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EU scrap export restrictions hurt Turkish steel producers
Turkish steel producers expect the EU to end efforts to implement new protectionist measures, revise existing measures in line with WTO decisions and prioritize the creation of free and fair trade conditions. "The EU has recently tried to create new barriers to scrap...
Port of Mariupol resumes shipping
The main Ukrainian seaport of Mariupol has been reopened, however, the port does not yet serve Ukrainian steel companies as the city remains under Russian control. The first shipment from the Ukrainian port of Mariupol, on the Sea of Azov, was made on May 31. A ship...
Copper: Chile’s production falls 9.8% y/y in April
According to data released Tuesday by Chile's National Bureau of Statistics, the country's copper production in April fell 9.8 percent year-on-year to 421,742 tons. Chile is the world's largest copper producer. In January 2022, copper production was 429,923 tons, down...
War in Ukraine changes business models
The war in Ukraine is changing trade patterns and creating new opportunities for steel-producing countries other than Russia and Ukraine. The war has created a nail supply shortage in the EU, as Russia and Ukraine are the main suppliers of nails with a combined market...