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EU distributor shipments continue downward trend
EU distributor shipments in the first six months of the year continued their negative trend. Service centers for flat products saw six-month shipments decline by 1.1 percent year-on-year. In the January-May period, the annual change was still slightly positive (+0.1...
Copper: Codelco will resume construction of mining projects in the coming days
Chilean state-owned Codelco, the world's largest copper producer, plans to resume construction of mining projects in the coming days after two fatal accidents put work on hold last month. "We will take as much time as necessary so that all our processes, all our...
HRC steel: prices in Europe remain stable
European hot-rolled coil prices remained stable on Aug. 16 amid minimal trade, although sentiment on price direction remains uncertain. Northwest European HRC stood at 779.25 euros/mt on Aug. 16, in line with the previous day's prices. Earlier, it had been heard that...
Turquoise Hill rejects takeover offer of Rio Tinto for $2.7 billion
Canada's Turquoise Hill Resources has rejected an offer by majority shareholder Rio Tinto to buy the 49 percent stake it does not yet own in the company for $2.7 billion, saying it did not reflect its full and fair value. The decision by the special commission...