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Crude steel: German steel production falls again in February 2023 year-on-year
Crude steel production in Germany continued to decline in February 2023 compared to the previous year. Some market sources suggested that the substantial cuts in production were partly intended to keep the market in check. Germany's domestic crude steel production was...
Steel: prices in China may rise in March
According to a statement by the China Iron and Steel Association (CISA), finished steel prices trended upwards in January-February this year due to the easing of Covid-19 measures and the recovery of end-user demand. In the January-February period, China's daily crude...
Copper: prices recovering ahead of Fed rate decision
Copper prices are recovering Wednesday ahead of the U.S. Federal Reserve's interest rate decision, also supported by solid market fundamentals. Three-month copper on the London Metal Exchange is trading at 10:13 a.m. GMT+1 at $8,824/mt, sharply recovering from the...
Thyssenkrupp resumes efforts to divest steel division
German industrial group Thyssenkrupp is making renewed efforts to divest its steel division and is working with Goldman Sachs to explore options, according to market sources. Last year the company, whose products range from car parts to submarines, had shelved the...