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Metals
ArcelorMittal cites scrap as reason for US steel price rollback
Steelmaker ArcelorMittal rescinded a previously announced $40/short ton base-price increase for September hot-rolled coil in response to a decrease in scrap surcharges by rival US producers for the same...More...
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Aluminum hits all-time record highs despite weak demand
Aluminum may have been responding to two different events in the week ending July 11 when it hit a succession of all-time price Global Aluminum markethighs , but the market remains divided over the medium-term direction, given that world fundamentals point to weak demand and rising stock levels.
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Steel Markets DailyGlobal steel production gains 6.2% to 117.2 million mt
World crude steel production increased 6.2% year on year to 117.2 million mt in July 2008 - but dropped 1.7% from the June figure of 119.2 million mt - according to data released by the International Iron and Steel Institute August 20. Read more...
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