Column: Europe’s future metals strategy hindered by current crisis
Chinese over-capacity and high energy prices have accelerated the long-term decline of European steel and aluminum production.
The iron ore price plunged more than 8% on Monday as steel mills idled blast furnaces amid growing pessimism over the demand outlook in China. Benchmark 62% Fe fines imported into Northern China fell 8.18%, to $111.69 per tonne, the lowest since...
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