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Crude steel: production in China fell by 3.7 % year-on-year
In October this year, China's production of pig iron, crude steel and finished steel amounted to 69.19 million tonnes, 79.09 million tonnes and 113.71 million tonnes, respectively, down 2.8%, down 1.8% and up 3.0% year-on-year and down 3.3%, 3.7% and 3.5%...
Ferrous scrap: Brazil’s exports on the rise
Brazil exported 617,900 tonnes of ferrous scrap in the first ten months of 2023, up 102% year-on-year. Scrap exports in October alone amounted to 77,400 tonnes, up 281% year-on-year. The average price of ferrous scrap from Brazil in October was $354/mt FOB, up from...
EU reaches agreement to boost domestic supplies of key raw materials
The European Union (EU) has reached agreement on measures to become more self-sufficient in the key raw materials it needs to contribute to the clean energy transition. According to a post on social network X by Thierry Breton, the bloc's internal market commissioner,...
Stainless steel: Russian imports fell 5.2% month-on-month in October
Russia's stainless steel imports fell 5.2% month-on-month to 31,270 tonnes in October this year. Imports of hot-rolled stainless steel decreased 24.1% month-on-month, seamless pipe imports 20% month-on-month, long steel imports 15.4% month-on-month, welded pipe...