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    • Steelmaking is big business. Last year the World Steel Association (worldsteel) recorded total crude steel output at 1.2 billion tonnes. This was down slightly from 1.3 billion tonnes in 2008. That makes the steel sector one of the largest in the world in terms of tonnage. In value terms, that production makes it a leader as well. Steel is a leading contributor to world GDP. It is an ingredient in almost every part of the modern built environment. And it is usually one of the key materials used in the development of an emerging economy. Unfortunately, making steel hasn’t always been a very profitable affair.
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    • Anshan Steel's investment in Steel Development Co (SDC) will not be the first time a Chinese steel company has taken a stake in a US steelmaker. The share it buys will not even be the largest.
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    • Goldman Sachs’ latest comments on the steel industry and its raw materials pricing will make headlines. The bank’s analysts believe that the iron ore market could revert to annual benchmark pricing within the next few years if quarterly mechanisms are abandoned. “It would not be surprising to find the industry revert to the old annual contract system within a few years, though an attempt to move to a pure spot market first is possible,” Goldman said in the report. .
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    • Want to know more about the Stockholm Selection? Join the conversation here.
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    • There are more Bentleys on the streets of Moscow than ever. Private wealth in Russia is big news. The country’s billionaires aren’t just business leaders, they are the custodians of some of the former Soviet Republic’s most important assets.
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    • The power struggle for Ukrainian steelmaker Ilyich iron & Steel looks like it’s been decided.
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    • The combination between Metinvest and Ilyich Iron & Steel is compelling. Metinvest brings its raw materials assets to the deal, and plans to invest a cool $2 billion in modernising and improving Ilyich’s facilities
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    • Shrill statements and some celebration dribbled into the UK press last week at the news that Tata Steel Europe ceo Kirby Adams was to step down later this year. Most of it was hot air
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    • The result of the European Commission’s investigation into an 18-year long cartel in the prestressed steel sector couldn’t really have come at a worse time for the mills involved.
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    • New York City was the place to be last week. The world’s largest steel conference kicked off at the Sheraton Hotel just a few blocks south of Central Park and, as usual, there were movers and shakers aplenty.
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    Top stories across markets

    Here are five Fastmarkets stories you might have missed on Wednesday February 19 that are worth another look.

    Chinese importers could be able to buy United States’ copper and aluminium scrap without the current 25% tariffs from July, China’s Ministry of Finance Customs Department said in a notice on Tuesday February 18.

    One of China’s largest copper smelters has locked in a major deal for supply at a time of reduced demand due to a virus-led logistics lockdown in the country.

    Eurasian Resources Group (ERG) is considering the construction of a plant to produce lithium-ion battery precursor materials, the company said today.

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    Browse our special interest content hubs to get deeper insights into the biggest issues across commodity markets

    We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles. Find out how our price reporters and analysts assess and forecast prices in agriculture, forest products and metals

    Purple, Texture, Lighting

    The definitive podcast for the critical minerals and battery raw materials markets. From uncovering market secrets to predicting future trends using Fastmarkets forecasting data, we’ve got you covered.

    In Hotter Commodities, special correspondent Andrea Hotter cuts to the chase on the biggest stories impacting the natural resources sector, what it means for the markets, the key risks and opportunities.

    Fastmarkets combines the commodity intelligence of these familiar names:

    Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Palm Oil Analytics • Random Lengths • Hardwood Market Report
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