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Maritime freight rates: rebound bodes well for persistent global logistics capacity problem
Many shipping companies continue to reckon with below-cost container spot rates. They might even see this as 'payback' for the huge profits made in the previous three years. However, given that tariffs on many routes have even fallen below pre-pandemic levels, this...
LME closed for Summer Bank Holiday
Today, Monday 28 August 2023, the LME Exchange will be closed for the Summer Bank Holiday. Trading will resume as normal on Tuesday, 29 August 2023. You are unauthorized to view this...
Metinvest’s production of pig iron and crude steel decreased in the first half of the year
Ukrainian steel producer Metinvest announced its operating results for the first half of this year. As a result, in the first half of the year, Metinvest's total pig iron production stood at 918,000 tonnes, down 59.2% year-on-year, as the Mariupol plant has been...
Chinese steel producers expect production restrictions in the second half of the year
According to market sources, new steel mills in China plan to restrict crude steel production for the rest of the year. Not only in Hebei Province, but also in Jiangsu Province and other provinces, more steel mills are expected to reduce their crude steel production,...