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Rio Tinto cuts forecast on weakening global economy
Rio Tinto has cut its full-year production forecast due to the weakening global economic outlook that weighed on the third quarter. The Anglo-Australian group said its Pilbara operations produced 84.3 million tons (mt) in the three months to the end of September, up 1...
Steel: profitability of China’s steel production dropped by 20 percent
China is in a precarious situation financially, with a substantial portion of the world's financial and equity analysts predicting a worsening crisis as the country prepares to face its harshest winter. Among the hardest hit industries are the steel and iron ore...
Steel: Italian long products are still expected to decline
Prices of Italian long products are expected to decline in the coming days both in contracts and in the values demanded by producers. According to some sources, a drop in prices is the inevitable consequence of a prolonged stalemate in market activity. Consumption...
HDG steel: Turkish August exports slump due to weak demand and EU duties
Turkish exports of coated steel coils, mainly hot-dip galvanized coils, plummeted by 50 percent on both a monthly and year-on-year basis to 117,800 tons in August as exports to the EU fell following the European Commission's Aug. 12 decision to impose antidumping...