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Nonferrous metals: China makes a strong return to the market as imports rise in November
China will change import and export tariffs on some goods starting Jan. 1 in order to accelerate and promote development and expand domestic demand. Export tariffs on aluminum and aluminum alloys will be increased. Policymakers have pledged to expand domestic demand...
Iron ore: Chinese production down slightly in January-November period
According to China's National Bureau of Statistics, China's iron ore production totaled 889.046 million tons in January-November, registering a year-on-year decline of 0.5 percent. In November alone, China's iron ore production stood at 79.536 million tons, up 0.6...
Steel industry: Turkish capacity utilization rate falls to 50 percent
Capacity utilization rates of many industries in Turkey, including steel, copper and aluminum, have dropped below 70 percent, mainly due to recession expectations in the EU and high energy costs in the country. Industry representatives spoke to Turkish daily EKONOMİ,...
Crude steel: U.S. production down slightly on a weekly basis
It amounted to 1.614 mln net tons of U.S. crude steel production in the week ended Dec. 24, 2022. The capacity utilization rate was 72.3 percent. The data were released by the American Iron and Steel Institute (Aisi). Production in the week ended Dec. 24, 2022...