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Global insight

The South African rand took a respite after the US dollar weakened and rebounded

The South African Rand was flat in early trading on Wednesday, breathing after rebounding from a weaker dollar the previous day.

Thursday, January 14, 2021

Anglo American deploys electric shovels in Peru

According to a caterpillar blog post, the daily handling capacity of 7495 electric rope shovel can reach 127000 tons.

Thursday, January 14, 2021

Egypt rebar factory sales rise in December

Supported by the global price rise of finished steel and raw materials, Egypt's domestic steel consumption improved significantly in December.

Thursday, January 14, 2021

U.S. crude steel production rose 3.6% year-on-year to 10.3% year-on-year as of January 9

According to the American Steel Association (AISI), for the week ending 9 January 2021, US crude steel production is estimated at 1.709 million short tons (1.5504 million tons), 10.3% lower than 1.906 million tons in the same period last year, But 3.6% more th...

Thursday, January 14, 2021

Iran steel billet, slab export prices stable, new deals made for billet

The sharp uptrend in global steel market prices has been slowing recently, with buyers preferring to wait and see where prices will go.

Thursday, January 14, 2021

South African manganese ore shipments exceed 19 mln tonnes in Jan-Nov 2020

South Africa’s bulk exports of manganese ore soared to more than 19 million tonnes in the first 11 months of 2020.

Thursday, January 14, 2021

EUROPE SECTIONS: Prices keep moving upward on feedstock limitations

Producers have struggled to source enough hot-rolled coil feedstock because of surging prices amid supply tightness.

Thursday, January 14, 2021

President of Indonesia: Focus on downstream nickel industry in the future

Indonesian President Jacques Zoko said, in view of Indonesia’s largest nickel reserves in the world, it is hoped to focus on the development of downstream nickel industry in the next five years.

Thursday, January 14, 2021