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Demand for cars grows but steel supply is in crisis
Foundry closures in China and Europe are impacting the production of steel used for car manufacturing. However, demand for vehicles remains strong. To meet this demand, enough steel needs to start flowing globally before more vehicles can be produced. Steel is not the...
Crude steel: China’s 7 major provinces record a 6% drop in production
China's 7 major crude steel-producing provinces recorded a 6 percent year-on-year drop in production in January-August 2022. Volume in the first eight months of 2022 fell to 693 million tons (mt) from 735 mt in January-August 2021. Among the seven provinces, Hebei is...
Copper: prices near important short-term resistance
London's benchmark copper prices stabilized Wednesday amid uncertain trade, with the dollar settling after the previous day's sharp losses, while speculation that China, the metal's main consumer, may soon ease its zero-COVID policy provided some support. As of 09:32...
Ferrous scrap: U.S. exporters increase bulk shipments in September
U.S. ferrous scrap exporters increased dry bulk shipments in September, finding buyers in a greater variety of countries, including the second largest shipment to India so far this year. U.S. ferrous scrap bulk exports totaled 400,658 tons in September, up 3.8 percent...