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HRC steel: a rise in European prices expected
Hot-rolled coil (HRC) prices in Europe are expected to rise gradually, as buyers expect to start sourcing soon. ArcelorMittal has increased coil bids by 20 euros/mt across Europe. HRC’s new bids in Germany reached 840 euros/mt ex-Ruhr plant and in Italy 820...
Aluminium and Russian metals: US extends punitive economic measures
Aluminium will be the hardest hit with tariffs of 200% on imports of Russian metal, effective 10 March, and on imports of any third country products containing Russian metal, effective 10 April. Tariffs on imports of other metals, such as copper and lead, will double...
Stainless steel: production expected to reach 60 mln tonnes in 2023
MEPS predicts that global stainless steel production will reach 60 mln tons in 2023. Contributing significantly to this growth will be steel mills in China and Indonesia. India is likely to remain the third largest stainless steel producing country in 2023, but its...
Copper: reversal phase without affecting the medium-term bullish trend
The current reversal in copper prices is not affecting the medium-term bullish trend for the time being. After Peru’s main mines suffered a drop in activity in recent weeks due to supply blockades, protesters temporarily lifted the blockade of a key mining...