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Turkish steel: long products market slows down due to weak demand – word from IREPAS
Murat Cebecioğlu, president of IREPAS and chairman of the Producers' Committee, said that the long products market has slowed down due to weak demand, which has put strong pressure on prices. Commenting on the general market situation, Cebecioğlu said that importers...
Aurubis further reduces annual forecast after metal theft
Aurubis has further reduced its annual profit forecast after counting damages related to the suspected metal theft, Europe's largest copper producer said on Tuesday. It now expects an annual profit before tax (EBT) of 310-350 million euros ($331-374 million), down...
HRC steel: EU market remains silent ahead of new import quota period
The European hot rolled coil (HRC) market remained quiet in the week to Friday 15 September, with buyers waiting for the new October import quotas before starting to source. Persistent slow demand from end-user sectors and a lack of clarity on the volumes of HRC...
Aluminium: China records all-time high in August production
China's primary aluminium production surged significantly in August, reaching an all-time monthly high. According to data released by the National Bureau of Statistics (NBS) on Friday, China's production rose 3.1 per cent year-on-year to an extraordinary 3.6 million...