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Steel: weak sales plague Italian long products market
Weak sales and a lacklustre market are overshadowing Italian long products sales in April. While this is a seasonally slower month due to the Easter and 25 April holidays, the market seems to have stopped absorbing price increases. Demand is tinny for rebar, rolled...
Steel: China’s production falls by 10% year-on-year
China's crude steel production fell by more than 10% to around 243 mln tons in January-March 2022 compared to 271 mln tons in the same period in 2021. Volume in March 2022 fell 6% to 88 mln tons compared to 94 in the same month last calendar year. What...
Steel: Chinese blast furnace capacity utilisation on the rise
Over the past week, the blast furnace utilisation rate of China's major steel mills rose for the second consecutive week by 1.50% to 86.42%, thanks to the resumption of operations at some steel mills in northern and eastern China. During the latest survey period,...
Copper: Cochilco raises price projection for 2022
Cochilco has forecast 5.78 million tonnes of Chilean copper production in 2022, which marks a 2.6% growth from the previous year. Amid concerns of a severe supply shortage triggered by Russia's invasion of Ukraine, the Chilean Copper Commission (Cochilco) raised this...