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Copper: Peruvian production up 0.4% in February
According to Peru's Ministry of Energy and Mines (MINEM), copper production in Peru, the world's second largest copper-producing country, was 172,334 tonnes in February 2022, or 0.4% higher than in February 2021 (171,590 tonnes). MINEM reported that this increase was...
Aluminium: rising billet stocks in China
Domestic aluminium billet inventories stood at 165,600 tonnes as of 7 April, up 8,100 tonnes or 5.12% from a week ago. Regional stock changes were as follows: Nanchang (+3,900 tonnes or 57.91%); Changzhou (-4,700 tonnes or 21.17%); Wuxi (-600 tonnes or...
Steel: anti-dumping investigation on Chinese Hrc
On 5 April 2022, the European Commission announced the first anti-dumping review investigation into the change of expiry date on Chinese hot-rolled coils (HRC) of non-alloy or alloy steel, in response to a request submitted by the European Iron and Steel Association...
Flat steel: a price collapse is unlikely
According to some distributors, prices of flat products will not collapse despite the standoff between buyers and sellers in the Italian coil and coil derivatives markets. Suppliers say they are selling high volumes at "unprecedented" prices. March was strong in terms...