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Base metals prices on the London Metal Exchange and Shanghai Futures Exchange were mainly firmer this morning, Monday October 19, supported by economic data out of China, especially the 6.9% rise in industrial production, but gross domestic production (GDP) data came in lower than expected.
Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) is set to reach full capacity by the end of November, with a planned restart for the idled blast furnace (BF) in the latter half of the month amid recovering demand, top executives said on Friday October 16.
Hot-rolled coil prices in the United States have breached the $33-per-hundredweight mark, thanks mostly to ongoing tight capacity and decent demand levels.
The sight of cash offers in Brazil’s FOB Santos hub reaching premiums of 200 cents over the December contract was the…
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