India’s Modi announces launch of auction for 41 of the country’s coal mines

India’s coal sector is in the limelight following a series of recent government decisions. A new study by data analytics company GlobalData shows that India and a few other countries would step in to bolster an anticipated about 7.8% drop in U.S. coal production this year. In late June, India’s Prime Minister Narendra Modi announced…

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India’s coal sector is in the limelight following a series of recent government decisions. A new study by data analytics company GlobalData shows that India and a few other countries would step in to bolster an anticipated about 7.8% drop in U.S. coal production this year. In late June, India’s Prime Minister Narendra Modi announced...

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This Morning in Metals: China’s Henan to hike fees for high-polluting steel producers

This morning in metals news: the Chinese province of Henan will raise its fees for steel and cement producers that do not meet low-emissions targets; BMO says the copper concentrate market will tighten this year; and the Oyu Tolgoi project took another step forward this past week. China to hike fees for polluting steel plants…

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This morning in metals news: the Chinese province of Henan will raise its fees for steel and cement producers that do not meet low-emissions targets; BMO says the copper concentrate market will tighten this year; and the Oyu Tolgoi project took another step forward this past week. China to hike fees for polluting steel plants...

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This Morning in Metals: Nevada Copper confirms restart plans for Pumpkin Hollow mine

This morning in metals news: Nevada Copper announced plans to restart its Pumpkin Hollow mine; the American Iron and Steel Institute (AISI) commented on the $1 trillion infrastructure bill approved by the U.S. House of Representatives last week; and a …

This morning in metals news: Nevada Copper announced plans to restart its Pumpkin Hollow mine; the American Iron and Steel Institute (AISI) commented on the $1 trillion infrastructure bill approved by the U.S. House of Representatives last week; and a Florida community has approved the sale of land for the construction of a $120 million...

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This Morning in Metals: MetalMiner releases July Monthly Metal Buying Outlook

This morning in metals news, MetalMiner has released its July Monthly Metal Buying Outlook, the U.S. House of Representatives passed a $1.5 trillion infrastructure bill and Ford Motor Co.’s second-quarter sales were down 33.3%. July Metal Monthly Buying Outlook is out We’re already halfway through what has been a volatile 2020, during which MetalMiner has…

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This morning in metals news, MetalMiner has released its July Monthly Metal Buying Outlook, the U.S. House of Representatives passed a $1.5 trillion infrastructure bill and Ford Motor Co.’s second-quarter sales were down 33.3%. July Metal Monthly Buying Outlook is out We’re already halfway through what has been a volatile 2020, during which MetalMiner has...

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EUROFER, IndustriAll Europe rebuke E.U.’s lack of steel import quota adjustment

This has been a challenging year for a number of sectors, amid already slowing growth and then the massive impact of the coronavirus pandemic — but the European steel sector has been hit particularly hard. The E.U. previously imposed steel safeguards in 2019, a response to rising import levels on the heels of the U.S.’s…

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This has been a challenging year for a number of sectors, amid already slowing growth and then the massive impact of the coronavirus pandemic — but the European steel sector has been hit particularly hard. The E.U. previously imposed steel safeguards in 2019, a response to rising import levels on the heels of the U.S.’s...

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USITC: Imports of collated steel staples from China injure U.S. industry

The United States International Trade Commission voted unanimously in its anti-dumping and countervailing subsidy review of imports of Chinese collated steel staples, concluding the imports are injurious to U.S. industry. “The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of collated steel staples from…

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The United States International Trade Commission voted unanimously in its anti-dumping and countervailing subsidy review of imports of Chinese collated steel staples, concluding the imports are injurious to U.S. industry. “The United States International Trade Commission (USITC) today determined that a U.S. industry is materially injured by reason of imports of collated steel staples from...

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This Morning in Metals: Supreme Court rejects Section 232 challenge

This morning in metals news, the U.S. Supreme Court has rejected a challenge to the Trump administration’s Section 232 tariffs on steel, British MPs are calling for government assistance for the British steel industry and ArcelorMittal is reportedly considering the sale of some of its Canadian iron ore assets. Supreme Court rejects challenge to Section…

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This morning in metals news, the U.S. Supreme Court has rejected a challenge to the Trump administration’s Section 232 tariffs on steel, British MPs are calling for government assistance for the British steel industry and ArcelorMittal is reportedly considering the sale of some of its Canadian iron ore assets. Supreme Court rejects challenge to Section...

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This Morning in Metals: Federal Reserve maintains federal funds rate at 0-0.25%

This morning in metals news, the Federal Reserve on Wednesday opted to maintain the federal fund interest rate at 0-0.25%, the Producer Price Index for final demand rose 0.4% in May and Chinese rebar futures fell Thursday. Despite some easing, Fed note…

This morning in metals news, the Federal Reserve on Wednesday opted to maintain the federal fund interest rate at 0-0.25%, the Producer Price Index for final demand rose 0.4% in May and Chinese rebar futures fell Thursday. Despite some easing, Fed notes economic challenges remain In a statement Wednesday, the Federal Reserve said it would...

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World Steel Association forecasts 18% decline in Indian steel demand

Various agencies have pegged the contraction of Indian steel demand to come in anywhere between 14-18%. A new report by the World Steel Association has said India’s steel demand would fall by 18% in 2020, even as global steel demand was expected to drop to 6.4% because of the COVID-19 pandemic, the Financial Express reported….

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Various agencies have pegged the contraction of Indian steel demand to come in anywhere between 14-18%. A new report by the World Steel Association has said India’s steel demand would fall by 18% in 2020, even as global steel demand was expected to drop to 6.4% because of the COVID-19 pandemic, the Financial Express reported....

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Beijing’s actions could imperil Hong Kong’s future

Many view tiny Hong Kong as something of an anathema — a hangover from the days of the British empire, part of China but not part of China, often missing the point that that is exactly its strength (or has been). That unique status, created under the terms of British withdrawal from the territory in…

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Many view tiny Hong Kong as something of an anathema — a hangover from the days of the British empire, part of China but not part of China, often missing the point that that is exactly its strength (or has been). That unique status, created under the terms of British withdrawal from the territory in...

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