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HRC steel: price drop in northern Europe with consumption uncertain in September
Market participants confirmed trading at lower prices in the North European hot-rolled coil market on August 9 amid growing uncertainty over September consumption. Northwest European HRC was down at 796 euros/mt, down 1.30 percent from 806.50 euros/mt the previous...
Industrial metals are supported by weakening dollar ahead of U.S. jobs report
Copper and most other base metals continued to find support in the weakening U.S. dollar Friday amid expectations of a slowdown in July job growth in the United States ahead of a much-anticipated jobs report later in the day. Copper prices posted a three-day loss...
Copper: prices recovering thanks to Chinese stimulus and infrastructure
Copper prices are expected to rebound further in the coming months after heavy losses, thanks to increased infrastructure spending and other stimulus to the economy from China. Lme-listed 3-month copper fell 36 percent in the four months after hitting a record high of...
Steel: global production down 5.5 percent year-on-year
According to World Steel Association data released July 22, global crude steel production stood at 949.5 million tons in the first half of 2022, down 5.5 percent year-on-year. Total June production hit a four-month low of 158.1 million tons, down 5.9 percent from a...