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Crude steel: World production fell 0.1% in 2023
The World Steel Association (worldsteel) announced that global crude steel production stood at 137.7 million tonnes in December last year, a decline of 6.3% month-on-month and an increase of 5.3 % every year. In 2023, global crude steel production will be 1.85 billion...
Aluminium: Canadian government adds metal to list of critical and strategic minerals
The Aluminium Association of Canada (AAC), which represents Canada's three world-class aluminium producers - Alcoa, Alouette and Rio Tinto - has wholeheartedly accepted the government's decision to add aluminium to Quebec's list of critical and strategic minerals....
Iron ore: Chinese market recovers after PBOC cuts bank reserve ratio
China's iron ore market received a boost after the country's central bank announced a larger-than-expected cut in bank reserves in an attempt to support the struggling economy and boost consumer confidence. On 24 January, the People's Bank of China (PBOC) said it...
ArcelorMittal Kryvyi Rih’s capacity utilisation stands at 25-40% in 2023
ArcelorMittal Kryvyi Rih, the Ukrainian subsidiary of global steel producer ArcelorMittal, announced its production results for 2023. The company was able to utilise 25-30% of its metallurgical production capacity and 40% of its mining unit capacity in 2023 due to the...