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Steelmaking: Chinese profits down 94 percent
In the January-November period this year, of the 41 industrial sectors in China, 20 saw year-on-year increases in gross profit, while 21 saw decreases in gross profit, as announced by China's National Bureau of Statistics (NBS). During this period, the ferrous metal...
Steel: Chinese production diverges by product
In January-November this year, China produced 171.16 million tons of hot-rolled coils (HRC), a figure up 4.8% from the previous year. During the same period, China's production of cold rolled coils (CRC) amounted to 38.701 million tons, down 4.3% year-on-year. In...
Steel: war and energy crisis lower its consumption forecasts
Given the impact of the war in Ukraine, supply chain problems and rising energy and commodity prices, along with very high inflationary pressures, the forecast for EU GDP in 2022 has been lowered recently. However, thanks to positive developments in the first half of...
Copper: gap up opening and price touches 2-week highs
Reference metal prices in London rose on Wednesday, with copper touching a two-week high and recovering from the rally in commodity prices spurred by China's move to reopen its borders, further loosening COVID controls. Three-month copper on the London Metal Exchange...