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Steel: Feralpi expands in Spain
Italian rebar producer Feralpi has acquired Spain's Saexpa in line with its internationalisation strategy. Felapi acquired the company through its Nuova Defim subsidiary. Saexpa has two production plants in Barcelona and Ripoll that produce finished products for the...
Steel: market rally on supply concerns
The global steel market has continued to rally over the past month, after disruptions to pig iron supplies in Ukraine and Russia led to a surge in raw material costs. Pig iron is one of the key raw materials in steel production, and Russia and Ukraine are both key...
Steel: Germany reduces production in the first quarter
German steel mills' crude steel production in the first three months was 9.8 million tonnes, 3.7% lower than in the first quarter of 2021. In the first quarter of 2021, the steel industry started to recover from the low of the first wave of coronavirus in 2020. Q1...
Copper: Los Pelambres expansion to cost Antofagasta more than expected
Chilean miner Antofagasta has reported that the ongoing expansion of its flagship Los Pelambres operation at home will cost $2.2bn, up from the previous estimate of $1.7bn. The revised figure represents a 30% increase from estimated costs in 2021 and a 70% jump from...