This afternoon in metals news, European steel demand is expected to grow 2.3% this year, Bloomberg takes a look at the Trump administration’s “Made in America” pledge and Freeport-McMoRan is working with the Indonesian government to resolve a mining permit dispute.
European Steel Demand to Grow 2.3%: Eurofer
The European steel association Eurofer predicts 2.3% growth in 2017 for European steel demand, according to a Reuters report.
The European steel industry is worth about 170 billion euros a year, according to the report.
Made in America?
Among other things, President Donald Trump has pushed a “Made in America” agenda, aiming to boost domestic industry.
But, in practice, has there been a rise in U.S.-based production? A Bloomberg report outlines the reality of rising steel imports and pipeline contracts increasingly being won by Russia’s Evraz.
Freeport, Indonesia Look to Settle Permit Dispute
Richard Adkerson, chief executive of copper miner Freeport-McMoRan Inc., said on Wednesday that the miner wants to avoid arbitration vis-a-vis a mining dispute in Indonesia.
Freeport is looking to renew the permit for its Grasberg copper and gold mine.