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Bullish market outlook drives Chinese steel futures to all-time highs
Chinese steel futures prices have reached all-time highs lately, driven by bullish expectations for demand and the likelihood that steel production restrictions will remain in place throughout the year. The resulting rise in steel prices has bolstered the profits of...
Aluminum close to $2300 area
Aluminum quotations continue to strengthen, a situation due to currently unsustainable delivery times and costs. Despite this, prices are approaching a fundamental psychological level of $2300/ton. A lot of volatility will be created at these prices. Indicators on a...
An additional 10 million tons of copper is needed to meet demand
Within a decade, the world could face a massive shortage of what is arguably the most critical metal for global economies: copper. The copper industry needs to spend more than $100 billion to close what could be an annual supply deficit of 4.7 million metric tons by...
China’s steel suppliers brace for cut in tax rebates
China’s steel mills and traders are gearing up to protect their business from the impact of possible cuts in export tax rebates on certain steel products, currently being considered by the central government. Industry sources say there is a new sense of urgency...