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Steel: British manufacturer Aartee Bright Bar goes into administration
British steel producer and distributor Aartee Bright Bar (ABB) has gone into administration. The decision was made after ABB's commercial lender, FGI, decided to enforce its debts to the company. The administration in the UK is similar to Chapter 11 of the US...
Iron and steel scrap: exports to the US increase by 22.5 per cent
According to the latest data released by the US International Trade Commission, the country's exports of iron and steel scrap increased 22.5% month-on-month and 36.6% year-on-year to 1,505,677 tonnes in December last year. The value of these exports was $589.7...
Iron ore: exports from the Port of Hedland down 2.6%
Iron ore shipments through Australia's Port of Hedland stood at 47,998.375 million tonnes in January this year, down 2.6% from the previous month and almost unchanged from the 47,991,651 tonnes recorded in the same month last year. Iron ore shipments from the Port of...
Copper: Freeport Indonesia suspends operations at Grasberg mine
Freeport Indonesia has temporarily suspended mining and processing operations at its Grasberg copper mine after heavy rains flooded part of its concentrate production facility and damaged parts of a road. The company said it has freed 14 employees trapped in an office...