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Copper: prices remain sideways, squeezed between supply and bearish economic outlook
Copper prices continued to swing sideways last month, creating uncertainty and risk. Meanwhile, traders and investors continue to closely monitor the market for any signs of a breakout in either direction. As prices move sideways, the copper market remains poised...
Iron ore: Australia cuts export revenue forecast for fiscal year 2023-24
According to the Australian Ministry of Industry, Innovation and Science’s quarterly report, Australia’s iron ore export revenues would be around A$100 billion in fiscal year 2023-24, down from the A$121 billion projected for fiscal year 2022-23 due to...
HRC steel: new upward cue for European market prices
In the week to Friday, March 31, the European hot rolled coil HRC steel market was characterized by sluggish demand and minimal activity, but on April 3, 2023, HRC Hot Rolled Coil – Northern Europe prices triggered an upward cue of +3.69 percent, returning to...
Steel: European market expects a disruption in coil supplies in April
Major supply chain disruptions are expected across the European coil complex in April and May due to the fires at ArcelorMittal in Spain and France and Tata Steel's force majeure at Ijmuiden in late February. This, combined with a significant reduction in coil...