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Chinese crude steel output hits record in June

According to data from the National Bureau of Statistics, China’s daily crude steel output hit a fresh record in June at 80.2 million tonnes down 1.1% MoM from May’s record 81.13 million tonnes, but June has one less day. Daily ...

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Copper clocks fifth weekly loss, aluminium falls ahead of Trump-Putin summit

Copper clocked up a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between U.S. President Donald Trump and Russian President Vladimir Putin. ...

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Tangshan to deepen steel output curbs over summer

The top Chinese steelmaking city of Tangshan has ordered steel mills, coke producers and utilities to cut output further this summer to curb smog in one of the country’s most polluted areas. The move to deepen cuts in emissions will ...

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China’s iron ore up despite tariff jitters, steel rises on curbs

Chinese steel futures rose on Wednesday after the country’s biggest steelmaking city, Tangshan, said it would deepen output curbs over the summer, raising concerns of tight supplies in the market. Tangshan, home to 64 steelmakers, has ordered steel mills, coke ...

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Trump Trade War – Israel fails to win exemption

Israel has reportedly failed to win a reprieve from US sanctions on steel and aluminum imports, prompting warnings from a group of Israeli manufacturers over the future of the industries. Despite close diplomatic ties and a trade deal between them, ...

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Shanghai rebar hits 3-week high on report of more output curbs

China’s steel futures climbed to their strongest level in more than three weeks on Tuesday amid concerns over tighter supplies following an unverified report of more production curbs in the country’s biggest steelmaking city. Tangshan in Hebei province plans to ...

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Base Metals Bottoming Out Despite Trade War Concerns

The base metals index of the London Metal Exchange declined for seven days in a row to extend its rout to the fourth straight week. A key indicator, however, suggests a rebound. The index comprising six primary metals declined 12.5 ...

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Trump Trade War – US rejects first tariff waiver request for steel in oil wells

Trump administration rejects its first request from an importer of oil and gas equipment to waive the new 25% tariff on steel imports. Borusan Mannesmann Pipe US sought the tariff exclusion for 135K metric tons/year of “green” steel tubing and ...

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Turkey’s crude steel production rises in first 5 months

Turkey’s crude steel production rose 4.3 percent on an annual basis in the first five months of the year, reaching 15.9 million tons, the Turkish Steel Producers’ Association (TCUD) reported Saturday. In May, Turkey’s crude steel production was up by ...

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Steelmaking raw materials hit multi-week lows in China on trade woes

Prices of steelmaking raw materials dropped to multi-week lows on Thursday as a festering trade row between China and the United States kept risk appetite low. Steel prices were steady, drawing some support from the news that China’s top steelmaking ...

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