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Copper: Codelco will resume construction of mining projects in the coming days
Chilean state-owned Codelco, the world's largest copper producer, plans to resume construction of mining projects in the coming days after two fatal accidents put work on hold last month. "We will take as much time as necessary so that all our processes, all our...
HRC steel: prices in Europe remain stable
European hot-rolled coil prices remained stable on Aug. 16 amid minimal trade, although sentiment on price direction remains uncertain. Northwest European HRC stood at 779.25 euros/mt on Aug. 16, in line with the previous day's prices. Earlier, it had been heard that...
Turquoise Hill rejects takeover offer of Rio Tinto for $2.7 billion
Canada's Turquoise Hill Resources has rejected an offer by majority shareholder Rio Tinto to buy the 49 percent stake it does not yet own in the company for $2.7 billion, saying it did not reflect its full and fair value. The decision by the special commission...
Steel: US Trade Commission confirms duties
The U.S. International Trade Commission has determined that cold-rolled steel products from Japan, South Korea, China, India, and the United Kingdom would materially harm the U.S. market in the absence of countervailing duty orders. Cold-rolled steel products from...