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Nonferrous metals: the LME will continue to accept Russian metal…at least for the moment
The London Metal Exchange (LME) has announced that it will continue to accept Russian metal on delivery for its industrial metals contracts, at least for the time being. The decision was made knowing that "it is likely that additional tons of Russian metal, over time,...
Steel: China’s October steel production falls 8.3 percent month-on-month
China's October steel production fell 8.3 percent from the previous month, according to official data on Tuesday, due to ongoing COVID restrictions and the deepening crisis in the country's real estate sector, which led some steel mills to start maintenance operations...
Copper: Escondida mine workers announce strike
Workers at Chile's Escondida mine, the world's largest copper mine, have decided to strike Nov. 21 and 23 due to a lack of workplace safety. Members of the union, Sindicato 1, had threatened to strike in early September, expressing concerns about safety at the mine,...
HRC steel: EU imports from Japan and Korea could trigger investigation
Increased imports of hot-rolled steel into Europe from Japan and South Korea this year could trigger scrutiny by European authorities. The massive shift in trade flows following Russia's invasion of Ukraine in February caused an increase in imports of hot rolled...