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Peru’s mines continue to operate despite protests
Peru's copper mines are maintaining production despite the roadblocks, attacks and protests that have rocked the Andean nation for more than two months and led to warnings of production stoppages. Reuters analysis of electricity utilisation data at some of the major...
Ukraine’s AMKR will increase capacity utilisation rate to 50%
Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih (AMKR), a leading Ukrainian steelmaker, has announced that capacity utilisation will be increased from the current 25% to 50% in the first half of this year, provided energy supply normalises. Although the producer is...
Steel: weak infrastructure growth in China could dampen demand in 2023
The pace of growth in China's infrastructure sector is likely to be held back by a lack of funding from local governments and will pose a key challenge to the recovery of steel demand in 2023. As of 7 February, 15 provinces and cities have announced investment plans...
Steel: earthquake in Turkey will affect logistics, infrastructure and production
The devastating 7.8 magnitude earthquake that struck 10 provinces in Turkey on Monday, 6 February, with epicentre in Kahramanmaraş, caused numerous casualties, as well as infrastructure damage and severe logistical disruptions in the affected areas. The south-eastern...