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Aluminum: Speira GmbH considers halving production due to energy costs
Aluminum producer Speira GmbH is considering cutting production at its German smelter to 50 percent of total capacity in response to rising energy costs that are squeezing energy-intensive industries across Europe. Speira -- which was part of Norsk Hydro ASA's...
Steel: German production down again in July
German crude steel production continued to decline in July in year-on-year comparison, marking the fifth consecutive month of decline. German domestic crude steel production was 2.97 million tons in July 2022, down 2 percent from 3.02 million tons in June 2021. Steel...
Copper: price improves further on supply/demand and China concerns
The price of copper hovers around one-week highs, reversing the previous day's downtrend, thanks to the weaker U.S. dollar combining with hopes of more supply contraction. Adding strength to the recovery moves are hopes that China may announce further stimulus to...
Steel: Nippon Steel will restart Nagoya blast furnace due to expected demand recovery
Nippon Steel, Japan's largest integrated steel producer, has decided to restart a blast furnace at its Nagoya plant in central Japan by the end of August due to an expected improvement in steel demand. The Nagoya No.3 BF had been undergoing upgrading since the end of...