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Turkish ferrous scrap stable as market awaits new benchmark trade
London (Platts)--19 Jan 2017 731 am EST/1231 GMT
Turkish ferrous scrap imports tracked sideways on Wednesday as estimations of value heard from the market remained stable.
Beijing orders dragnet to uncover illicit steel, coal company expansions
Singapore (Platts)--19 Jan 2017 723 am EST/1223 GMT
As part of an ongoing campaign to rein in illegal Chinese steel and coal expansions, Beijing has ordered provincial authorities to conduct a "dragnet" and submit a list of offenders to central government agencies by January 20.
HKEx preparing first gold futures contracts in offshore yuan, dollars
Hong Kong (Platts)--19 Jan 2017 724 am EST/1224 GMT
Hong Kong Exchanges and Clearing is preparing physically settled gold futures contracts denominated in Chinese Yuan Offshore, and US dollars, the stock exchange said in its Key Initiatives in 2017 event held in Hong Kong Thursday.
US, Canadian service center aluminum shipments down in December, full year: MSCI
New York (Platts)--18 Jan 2017 556 pm EST/2256 GMT
US service centers shipped 106,200 st of aluminum products in December, down 5.3% from the 112,100 st shipped in December 2015, data from the Metals Service Center Institute showed Wednesday.
US Commerce Secretary-nominee Ross says to be proactive against dumping
Pittsburgh (Platts)--18 Jan 2017 504 pm EST/2204 GMT
President-elect Donald Trump's nominee for commerce secretary, Wilbur Ross, Wednesday said he planned to use the department's ability to self-initiate antidumping and countervailing duty investigations to send a message to foreign manufacturers -- a proactive stance that steel industry executives have long encouraged.
US steel industry execs expect longs producers to see boost under Trump
Houston (Platts)--18 Jan 2017 116 pm EST/1816 GMT
The expected increase in infrastructure spending once Donald Trump becomes US president should be positive for US long steel producers, according to steel industry executives, although exactly how big a boost the sector will see is an open question.
Gold slips from 2-month high as dollar rebounds, investors await Trump inauguration
London (Platts)--18 Jan 2017 903 am EST/1403 GMT
Gold dropped around $5 overnight to around $1,215/oz Wednesday morning, under pressure from a rebounding dollar, which suffered sharp losses Tuesday on a rally in the pound and comments from Donald Trump on the US currency's relative strength.
US rebar prices continue higher as mills move toward announced increases
Las Vegas (Platts)--17 Jan 2017 530 pm EST/2230 GMT
Prices for US-produced rebar continued to move up Tuesday in the Midwest and Southeast as mills have been working to implement a series of increases, sources said.
Market deficit to force sixfold increase in US, Mexico aluminum imports: Dubal
Scottsdale, Arizona (Platts)--17 Jan 2017 529 pm EST/2229 GMT
The US must boost its imports of primary aluminum products sixfold over the next seven years to meet growing demand from the automotive and construction sectors, an executive with Middle East producer Dubal said Tuesday.
Rio Tinto's 2016 bauxite, alumina, aluminum output exceed expectations
Sydney (Platts)--17 Jan 2017 938 am EST/1438 GMT
Rio Tinto produced more bauxite, alumina and aluminum than anticipated in 2016, the group said Tuesday in a production report. Its bauxite yield came in at 47.7 million mt, above guidance of 47 million mt given last October, and up 9% from 2015.
Brazil's Dec crude steel production down 12.7% from year ago
Sao Paulo (Platts)--17 Jan 2017 940 am EST/1440 GMT
Brazil's crude steel production in December was down 12.7% at 2.14 million mt from 2.46 million mt a year earlier, steel institute Aco Brasil said Tuesday.
China revises scrap processing guidelines in bid to starve induction furnaces
Singapore (Platts)--16 Jan 2017 757 am EST/1257 GMT
China unveiled updated regulations for entry into the iron and steel scrap processing industry Friday, its latest move as part of a battle waged against induction furnace operators -- this time by starving them of a key raw material: scrap.
Global politics to drive gold price in 2017, offsetting stronger dollar: MKS
London (Platts)--16 Jan 2017 756 am EST/1256 GMT
Politics are likely to be the main driver of the dollar gold price in 2017, with an average of $1,272/oz forecast by trade house and refinery MKS Monday.
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