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Steel: German sales and stocks down year-on-year in October
Sales of steel products in Germany in October fell 14 percent year-on-year to a 10-month low of 743,703 tons, while inventories also declined. The decline coincided with a weak year-end outlook for the steel market due to expectations of a drop in German GDP in the...
Steel scrap: Tangshan will become China’s largest recycling base
According to the five-year plan (2021-2025) for China's circular economy, Tangshan city, the main steel production base in North China's Hebei province, will also become the country's largest steel scrap recycling base, according to an implementation plan released by...
Steel: weak Asian demand will limit global price recovery
China, responsible for about half of the world's steel production, is suffering from a prolonged period of low market activity. Economic growth is negatively affected by the authorities' zero-Covid strategy. In addition, supply chain difficulties and financial...
Copper: with mining on the rise, smelters can’t keep up
Copper mines are increasing production after several years of anemic results. But it may not be enough to significantly lift inventories from historically low levels, keeping supplies tight in a critical market for the energy transition. The reason is a bottleneck in...