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Outokumpu’s sales revenue decreased in the first half year
Finnish stainless steel producer Outokumpu announced its financial results for Q2 (second quarter) and the first half of this year. The company reported a net profit of EUR 89 million in the second quarter of this year, compared to EUR 338 million in the same period...
Steel: India’s exports increased by 35% in July while imports rose by 32%.
According to preliminary data released by India's Ministry of Steel, India's finished steel exports increased by 35% year-on-year to 513,000 tonnes in July this year. Imports rose 32% year-on-year to 587,000 tonnes in the month, maintaining India's position as a net...
Gold: Turkey imposes a surcharge on some imports
Turkey has introduced a 20% surcharge on certain gold imports in an attempt to curb the negative impact on the current account balance. The decision states that gold imports from countries that do not have free trade agreements and are not part of the European Union...
Copper: imports into China in July fall due to slowing demand and high prices
China's copper imports fell 2.7 per cent in July from a year earlier, according to customs data on Tuesday, due to weak demand from the sluggish economy and high global prices. Imports of raw copper and copper products totalled 451,159 metric tonnes in July, according...