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The ACEA said the year-on-year drop was due to there being fewer working days in June this year.
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The daily crude steel output rates among China’s major mills held steady in mid-June in spite of steelmaking restrictions in the country’s production hub of Tangshan.
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Liaoning Magnesite Mining Co and its 28 shareholder enterprises in Haicheng unanimously agreed to implement a suspension of magnesite mining.
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A drop in the Turkish currency is good news for mineral exporters.
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Here is a selection of main takeaways from the GIFA and Metec trade show held in Dusseldorf, Germany, on June 25-29.
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Brazil’s steel import volumes decline on lower volumes from China, Turkey
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Mutares has completed the purchase of the TrefilUnion wire products mills in France for an undisclosed sum. The mills are a “perfect” fit, the Mutares CEO said.
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The chief executive of major refractories producer RHI Magnesita says that consolidation in the industry is likely to continue.
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Exports of dead burned magnesia (DBM) and fused magnesia (FM) fell in May on an annual basis in May on quiet buying from global buyers.
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Unshaped refractory materials output in China increased slightly in May year on year, attributed to increasing production of alumina-silicon refractory material.
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Planned reduction in steel output will continue to dampen demand in the coming months, sources at the Dusseldorf trade show said.
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Asian and North American crude steel output rose year on year, while European production fell in May.
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EU demand for passenger cars increased by 0.1% year on year in May, following eight consecutive month of decline, the European Automotive Manufacturers Association (ACEA) said this week.
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Fused magnesia prices fell in Europe in June while prices eased in China.
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Chinese magnesia market remains weak due to increasing stocks and slow buying activity from downstream buyers.
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China’s fused magnesia market has continued its downward trend in response to increasing stocks and weakening demand from the downstream refractory sector, pushing prices down to a two-year low.
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Mutares has added wire and steel rope maker TrefilUnion to its earlier acquisition of Aperam's French stainless welded tubes division.
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Chinese exports of fused magnesia were down on an annual basis in April on reducing buying activity, while dead burned magnesia and caustic calcined magnesia shipments rose.
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The steelmaker has extended output cuts in Europe amid weak market demand, it said.
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Unshaped refractory materials output in China edged down year on year in April, attributed to decreasing production of magnesia-based unshaped refractory products.
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The liquidation comes a week after unions called for UK government intervention following media reports the steelmaker was on close to financial collapse.
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British Steel has been in conversation with the government for a support package to address Brexit-related concerns.
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The increased inland waterway transportation capacity is welcomed by the steel industry that was particularly hard-hit by low water levels last year.
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German steelmaker ThyssenKrupp is still open to consolidation in the European flat steel sector despite the European Commission's opposition to its proposed merger with Tata Steel's flat steel business in the region.
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Fastmarkets IM today launches two new European magnesia prices: dead burned magnesia, 95% MgO, fob Europe, $/tonne, and fused magnesia, 97% MgO, cif Europe, $/tonne.
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Major cities and 25 regions across China will face a new round of environmental inspections from May 14 to ensure that protection measures are being properly implemented.
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Refractory producer RHI Magnesita could still make an offer for Kumas, a major Turkish magnesia producer.
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Shipments of dead burned magnesia (DBM) and caustic calcined magnesia (CCM) were up in March year on year due to increasing buying activities, while fused magnesia (FM) shipments down on an annual basis.
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Unshaped refractory materials output in China fell in the first quarter of 2019, causing the price of raw materials, such as magnesia, to fall due to the reduced demand.
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The volatility in the exchange rate for the Turkish lira has been swinging wildly against the US dollar, with local labor costs changing daily, with effects on the country’s miners of barite, soda ash, magnesia, chromite and feldspar.
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An extended regime of strict environmental inspections in China’s Henan province means that most refractory producers have not yet resumed output after the normal winter shutdown, while there will be compulsory relocations of many operations to help improve environmental conditions.
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The producer cited pressures on refractory raw material costs once the current phase of high stocks and falling prices, in markets such as magnesia, has passed.
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The price of fused magnesia (FM) and high-grade dead-burned magnesia (DBM) in China fell on inactive downstream demand and sufficient stocks, while more magnesia producers halt output following financial pressure from a sluggish market.
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Fastmarkets IM proposes to launch two new European magnesia prices.
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Fastmarkets IM proposes to discontinue the assessment for fused magnesia, fob Europe, $/tonne.
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Shipment volumes of dead burned magnesia (DBM) went down in February 2019 year-on-year on reduced buying activities, but the volumes of fused magnesia (FM) and caustic calcined magnesia (CCM) went up slightly on an annual basis.
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The refractory maker reports higher end-user demand outweighing raw material volatility.
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Most refractory companies in China's Henan province are still under strict environmental inspections, reducing demand for refractory raw materials.
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China’s fused magnesia market remained stagnant on increasing stocks and slow downstream demand, with export prices staying soft following the weaker domestic market.
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The fall in China’s output of unshaped refractory materials output in January reflects lower output of alumina-silicon refractory materials, data shows.
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Quiet buying activity and rising stock levels have put Chinese magnesia prices on a downtrend, especially dead burned magnesia and fused magnesia. With the market so flat, producers have lowered their prices to boost cash flow.
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China's caustic calcined magnesia and fused magnesia shipments were down in January 2019 on an annual basis on weaker demand from international buyers, while dead burned magnesia (DBM) exports were up slightly.
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UK refractory material producer Vesuvius has bought a refractory products company in the United States to develop its presence in North America.
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China’s domestic magnesia prices began a downtrend amid increasing stocks and thin buying activity, while exporters decreased prices by a small range but downstream buyers had no immediate need and are waiting for lower prices.
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Fastmarkets proposes new dead burned magnesia price.
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Fastmarkets IM has begun a consultation on its proposal to refine the specifications of its European fused magnesia price.
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The company, which sees volatile market conditions continuing this year, will focus on cash generation and cost control to reduce business risk.
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China’s magnesia market has showed no changes in the first week after the Lunar New Year, with prices holding at current levels while more market players are yet to return from holiday this week.
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Dalmia-OCL hails an increase in its clean refractory capacity after buying German GSB group.
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Fastmarkets is reducing the frequency of market assessments of magnesia after market consultation
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