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LME ban on Russian metals shifts global trade dynamics
China will undoubtedly become an even more important buyer of Russian metals after the London Metal Exchange's ban on newly produced aluminium, copper and nickel. China has already become an important market for Russian products as a result of falling demand in the...
HRC steel: EU coil importers will pay first quarter safeguard taxes
Importers of hot-rolled coils in Europe (HRC) will be required to pay part of the 25 per cent safeguard duties, as the volumes currently cleared have exceeded the allocated quota for the first quarter. Similar to the fourth quarter of 2023, there are almost 1.1...
Aluminum: prices up (as expected) due to offsetting positions to falling stocks
Aluminum prices have been on an upward trend (as widely anticipated by Commodity Evolution’s research department) for the past 2 days thanks to the clearing of traders’ positions ahead of the end of the third quarter, while daily data showed falling...
Crude steel: world production increased by 2.2 % in August
The World Steel Association announced that world crude steel production was 152.6 mt in August this year, down 3.7% for the month and up 2.2% year-on-year. In the January-August period, world crude steel production stood at 1.25 billion tonnes, up 0.2% year-on-year....
