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China’s average daily output of aluminum and copper jumped month on month in February, while nickel output sank to a three-month low.
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Some Chinese aluminum smelters continue to resell alumina they purchased on long-term contracts to buyers in the spot market, helping to ease non-Chinese market tightness, a top Alcoa executive said.
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Industry reaction is mixed to President Obama’s nomination of Commerce Secretary Gary Locke as the new ambassador to China.
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On behalf of the Coalition for Enforcement of Antidumping and Countervailing Duty Orders and the thousands of American workers we represent, we would like to rebut the inaccurate statement made by a Commerce Department official in a March 3 story.
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Zinc will be in a surplus until 2013, when it will swing to a deficit as mine production dries up, Teck Resources Ltd. market research manager Andrew Roebuck told the Prospectors and Developers Association of Canada annual convention.
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Copper prices will remain at high levels but might not see significant upside, Mark Fellows, managing director of GFMS Metals Consulting, told participants Sunday at the Prospectors and Developers Association of Canada international convention in Toronto.
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In an impassioned speech at Toll Processing ’11, Nucor Corp. executive Dan DiMicco addressed problems and challenges facing the U.S. manufacturing sector.
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Exports of No. 1 heavy melting steel scrap inched down in the final month of last year despite a sharp spike in shipments to Turkey, the leading importer of U.S.-sourced ferrous scrap.
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U.S. indium prices have broken through the $600-per-kilogram level as Chinese suppliers continue to sit on material.
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China’s primary aluminum output could rise 24 percent to 20 million tonnes this year, local media quoted the China Nonferrous Metals Industry Association (CNIA) as saying.
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Chinese heavy scrap prices were stable this week despite corrections in the steel market, with mainstream market prices at 3,720 to 3,780 yuan ($565 to $574) per tonne with tax in eastern China.
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The U.S. Department of Commerce "has been made aware" of reportedly increased efforts to evade anti-dumping and countervailing duties that might violate U.S. law, a senior Commerce official told AMM.
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Wuhan Iron & Steel (Group) Corp. (Wisco) has to start construction on its 10-million-tonne-per-year Fangchenggang flat steel complex this year, before its environmental and land permits expire, company president Deng Qilin told the National Business Daily.
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China’s crude steel output rose 5.7 percent in the first 20 days of February despite a week-long public holiday at the beginning of the month, according to the China Iron and Steel Association (Cisa).
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Aluminum Corp. of China Ltd. (Chinalco) recently received its first iron ore shipment from Australia, marking the launch of its iron ore trading business.
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Consolidated Thompson Iron Mines Ltd.’s shareholders overwhelmingly approved a plan of arrangement Friday in which Cliffs Natural Resources Inc. would acquire all of the Canadian company’s outstanding shares.
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Chinese steel players are awaiting market direction amid mixed price moves, with some mills boosting export offers for ship plate while other products posted declines in the domestic market.
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Chinese hot-rolled steel prices rose Wednesday as traders returned from the Chinese New Year holiday, with export offers also expected to post gains.
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Chinese exporters are reporting a big jump in rebar orders in January as prices rally on the back of higher raw material costs.
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China’s exports of flat stainless steel products are expected to remain largely steady through next month but are poised for a significant jump in March, market sources said.
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Major Chinese copper smelters are close to securing a 51-percent hike in 2011 treatment and refining charges (TC/RCs) with BHP Billiton, market players said.
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Chinese steelmakers’ practice of adding boron to carbon steel to qualify for tax rebates might come to an end amid a looming review of the country’s export rebates, steel market sources said.
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China’s output of nonferrous metals was split in December, although two metals registered new highs.
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Steel prices moved higher Thursday in the Chinese market, driven by rising spot tags and raw material costs.