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Iron Ore Price Holds Up to Global Tensions
In a global environment dominated by tariffs and trade countermeasures, one of the most crucial commodities for the world's steel industry-iron ore-seems to be weathering the storm better than might have been expected. Despite the escalation of tensions between China...
President Mill Closes Doors To A Traditional Mining Contract For Cobre Mine Panamá
In a charged speech at an industry event in Panama City, President José Raúl Mulino peremptorily announced that no new contract law will be proposed to regulate the relationship between the Panamanian government and First Quantum Minerals, a Canadian giant listed on...
Steel Consumption in Chinese Manufacturing at Highest for Six Years
Steel consumption related to manufacturing in China reached its highest level in six years in March. However, escalating trade tensions between China and the United States pose a real threat in the short term. The steel-related manufacturing output index stood at 149...
Steel Ferrous Scrap In Turkey Slips To One And A Half Month Low
The Turkish ferrous scrap market touched new lows in the last week, with HMS 1/2 (80:20) quotations reaching the level of $357 per ton CFR. The descent is the result of a mix of weak fundamentals, declining steel production, and strongly bearish sentiment dominating...