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HRC steel: high probability of a price increase by north-western European mills
Steel mills in northwestern Europe are expected to increase coil (HRC) offers in the week beginning 3 July, following the announcement of an increase in offers by Italian mills. Market participants believe that when coil prices bottomed out in Europe, more buyers...
Los Andes Copper evaluates financing options for Chilean project
Ltd., a mineral exploration company, is evaluating options for financing the development of a deposit it owns in Chile, including the potential sale of the asset or the company. The Vancouver-based company is working with consultants to study strategic options for the...
Italian Acciai Speciali temporarily suspends production in Terni
According to local media reports, Italian stainless steel producer Acciai Speciali Terni (AST) plans to temporarily suspend production between 19 July and 23 August. Due to high energy costs, weak sales and orders, and low prices, this period has been extended by the...
China has decided to restrict exports of chip-making material
A move by China to restrict exports of some metals widely used in the semiconductor, electric vehicle, and high-tech industries has escalated the trade war with the US and could potentially cause further disruption to global supply chains. Companies were quick to...