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EU import quotas exhausted for some products destined for Turkey
According to the European Commission's latest figures, in the new EU quota period from 1 January to 31 March, some of the import quotas for some steel products allocated to Turkey, China, and India have already been exhausted. As for the quotas allocated to Turkey,...
China's primary aluminium production reached a record level in 2023, but the growth rate slowed, data showed on Wednesday, due to production restrictions caused by bad weather at smelters in the country's southwest. According to data from the National Bureau of...
Copper: prices at one-month lows on weak Chinese economy
Copper prices fell to their lowest in more than a month on concerns about China's economy after disappointing data and as investors grappled with delays in interest rate cuts by the US Federal Reserve. Three-month copper on the London Metal Exchange (LME) was down...
Tepid domestic demand, robust exports for China’s steel sector in 2024
China's debt crisis, slowing consumer spending and growing steel overcapacity are expected to remain the biggest hurdles for domestic steel markets in 2024, exacerbating their difficulties that have lasted for several months now. In Asia, steel capacity is also...