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Copper: Chile’s giant mines are in trouble just when the world needs metal
Mines in the world's largest copper-producing nation are in trouble, just as demand for the metal is expected to accelerate as fossil fuels are abandoned. Chile, which accounts for a quarter of the world's mined copper, recorded its lowest monthly production in six...
Ukrainian steel producers see signs of recovery
According to the Ukrainian GMK Center, Ukrainian steelmakers expect to increase production after the difficult fourth quarter of 2022, which saw the destruction of 40% of steel capacity in Mariupol. In 2022, Ukraine's average annual steel capacity utilization was 30...
Steel: Turkey once again postpones additional taxes on imported flat products
According to the decision published in the Official Gazette, Turkey has postponed the effective date of the increase in import duties on certain flat steel products. According to the statement, the increase in tax rates will take effect on May 1 instead of April 1....
Steel: demand in China is set to slow down
Iron ore prices could fall as much as 28 percent by the end of 2023 due to falling steel demand and production in China. Analysts at Morgan Stanley say iron ore prices will fall, citing reduced production in the world's largest steel producer, China, and the country's...