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Steel: China’s rebar production increases by 1 percent
Chinese rebar production of 137 steel producers nationwide finally made a break after six weeks of decline, rising 0.9 percent or 20,800 tons on a weekly basis to 2.32 million tons during July 21-27. During the survey period, the average rebar rolling capacity...
Nickel: Sumitomo’s profit rises 45% in second quarter
Japanese trading company Sumitomo Corp said Wednesday that net profit for the April-June quarter rose 45 percent to a record high, thanks to higher prices for raw materials such as coal and nickel and strong demand for steel products in North America. Net income for...
Iron ore: price rises as steel margins recover in China
Dalian and Singapore iron ore futures rose Tuesday in a volatile session as traders focused on improving steel margins in China's top steel producer, assessing prospects for further production cuts. The most-traded iron ore, with delivery in September, on China's...
Aluminum: Hydro is expanding smelting capacity at its Pennsylvania plant
Norsk Hydro will add more than 50,000 tons per year of recycled aluminum capacity to its 240,000-ton per year billet extrusion plant in Cressona, Pennsylvania, by the end of 2024 to increase the recycled content of its products. This investment will strengthen the...