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Crude steel: production in Italy increased by 6.5% in December
According to data released by the Italian Steel Producers Association, total crude steel production stood at 1.3m tonnes in December last year, up 6.5% year-on-year. On the other hand, total crude steel production in 2023 fell by 2.5% year-on-year to 21.1m mt. In...
Metinvest and Danieli sign agreement for Piombino plant in Italy
The initial agreement (memorandum of understanding) to build a new steel plant in Piombino, in the province of Livorno, was signed on Wednesday. The parties involved are the Ministry of Enterprise and Made in Italy, the Region of Tuscany, the Municipality of Piombino...
Nickel: BHP evaluates several options for its Nickel West mine
Diversified mining company BHP is evaluating several options for its Nickel West mine in Australia to mitigate the impact of the sharp decline in nickel prices. The Nickel West mine produced 39,800 tonnes of nickel in the first half of the 2024 financial year, with...
Iron ore: Asian prices unlikely to rebound in the short term due to weak demand
Prices of seaborne iron ore, after falling significantly from 19-month highs, are unlikely to rebound in the near term as supply demand remains subdued due to poor margins on finished steel production. Iron Ore 62% Fe CFR - China was valued at $135.79/mt on 17...