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Crude steel: German production fell by 3.6% in January-September
According to data released by the German steel federation Wirtschaftsvereinigung Stahl (WV Stahl), German crude steel production increased by 2.1% year-on-year to 2.9 million tonnes in September this year. In January-September this year, the country's crude steel...
Alumina: Rusal acquires a stake in Chinese company for $262 million
Russian company Rusal, the world's largest aluminium producer outside China, said it has agreed to buy 30% of the shares of Chinese alumina producer Hebei Wenfeng New Materials (HWNM) for 1.91 billion yuan ($261.6 million). The deal, which is pending approval by the...
Aluminium: Hydro reported a larger-than-expected drop in Q3 profit
Aluminium producer Hydro reported a larger-than-expected drop in third-quarter profit on Tuesday, saying markets are difficult and uncertain at the moment. As a result, Hydro has reduced some volumes in its recycling business and Extrusions unit, which produces...
Aluminium: demand in China is supported by growth in the green sector
The Chinese aluminium market has shown some resilience this year, with prices on the Shanghai Futures Exchange (SHFE) up more than 1 per cent, in contrast to global trends that have seen a drop of more than 8 per cent on the London Metal Exchange (LME). The strength...