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Non-ferrous metals: power shortage in China disrupts operations
Authorities in several regions of China facing scorching heat have issued power supply alerts, including a call for a total ban on energy-intensive industrial production for a week in the city of Chongqing, prompting ferrous and nonferrous industry operators to seek...
Steel: Stelco and the USW reach tentative agreement. The vote is scheduled for Aug. 19
Representatives of United Steelworkers Local 8782 and Canadian steelmaker Stelco have reached a tentative labor agreement that will be voted on today, August 19. The representatives came to the tentative agreement after five months of negotiations. Union members had...
HRC steel: EU prices stable as market doubts recovery in September
The European hot-rolled coil market remained uncertain on August 18, with prices standing at $774/mt. Distributor sources reported a negotiable value at 750 euros/mt ex-works Ruhr, although the market was considered extremely quiet due to the current holiday period....
Copper: BHP predicts market takeoff. The mega-trend of electrification
After falling to 20-month lows in July, copper managed to climb back up to $8,000 a ton, thanks to hopes that China's slowdown was now over. According to BHP's forecast, corporate copper production will increase by 4 percent to 16 percent over the next 12 months, and...