Today, October 12, 2022, during trading on international markets, iron ore prices decreased together with copper and aluminium prices.
Today, Wednesday, October 12, 2022, in morning trades, iron ore prices (futures contracts) decreased by 0. 5 points, or 0. 51%, recording $97. 5 per tonne as opposed to the closing price of $98 per tonne.
Today, Wednesday, October 12, aluminium prices declined by 14 points, or 0.0, on international markets.
Compared to the previous closure price of $ 2236 per tonne, a 63% increase, or $ 2222 per tonne, was made.
Copper contract prices also fell by 0. 0330 points, or 0. 95%, to a level of $3. 431 per pound, down from the previous closure price of $3. 462 per pound.
Today, Wednesday, the prices of nickel futures stabilised and were recorded at $1. 915 per kilogramme.
In August 2022, the world’s production of raw steel from the 64 nations whose reports were submitted to the World Steel League totaled 150. 6 million tonnes, a 3.0% decline from August 2021.
In August 2022, Africa produced 1. 3 million tonnes, a 3. 5% increase from August 2022.
Europe produced 3. 6 million tonnes, down 18. 6%, while Asia and Oceania produced 112. 6 million tonnes, down 0.2%. The European Union produced 9. 7 million tonnes, down 13.3%.
As for output, North America produced 9.6 million tonnes, a fall of 5. 4%, while the Middle East produced 3. 2 million tonnes, an increase of 34. 2%.
South America produced 3. 6 million tonnes, a fall of 10. 1%, while Russia, the Association of Independent Countries, and Ukraine produced 6. 9 million tonnes, a decrease of 22. 4%.
Today, Wednesday, October 12, during trade, iron prices fell on the international market.
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