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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...
Tin: Indonesia aims to keep refined metal at home
The Indonesian government plans to shake up the tin market in the coming months. The Southeast Asian country aims to expand downstream processing opportunities for refined tin rather than continuing to export most of its supplies. The government would like to attract...
Aluminum: Dutch manufacturer Aldel files for bankruptcy
Dutch aluminum producer Delfzijl Aluminum, commonly known as Aldel, filed for bankruptcy with the court on Thursday, October 27. The news was confirmed by Eric Wildschut, chief financial officer. High energy costs are the main reason for the financial problems, due to...
HRC steel: European mills push to raise prices but demand barriers persist
Prices for hot rolled coil (HRC) in the European market are still at the mercy of low demand with mills trying to resist bearish sentiment. Uncertainty about the market price has been exacerbated by the lack of obvious transactional activity. Buyers agree, continuing...