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Steel: global demand decreases in August
In August, apparent steel consumption decreased by 4.5 percent from the previous month, but increased by 1.3 percent year-on-year to 146.4 million tonnes. So far this year, Europe and South-East Asia have been the main drag on growth. While China has stalled, India,...
Steel: Gulf countries have started to compete with Turkey
The Association of Steel Exporters (ÇİB) emphasised that the Turkish steel market has started to lose positions to new competitors and that investments should be directed towards high value-added products. Ahmet Kamil Erciyas, a member of the ÇİB Board of Directors...
Aluminium: prices reverse last month’s gains as US and EU discuss tariffs
A short-lived spike at the end of September saw aluminium prices rise by more than 6% on a monthly basis, only to fall during October. Not only did they lose all of last month's gains, but they returned to their August lows by mid-month. Despite the declines,...
Tin: macroeconomic pressure reduces demand
The 19th annual tin user survey conducted by the International Tin Association (ITA) estimated that the use of refined tin in 2022 declined by -3.2% to 376,900 tonnes, lower than the preliminary estimate of -0.6% made by respondents to last year's Q2/Q3 survey. The...