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Steel in Precarious Equilibrium: Weak Demand In Italy, Prices Supported By Global Costs And Pressures
The Italian steel rebar market finds itself in a phase of only apparent stability, after the increase of about €20/t recorded in January. Today quotations remain in the area of €310-320/t ex-works, a level that reflects a fragile balance between cautious demand and...
Stainless Steel in China: Domestic Prices Fall Amid Reduced Liquidity And Holiday Pause
Domestic stainless steel prices in China recorded a decline in the week ended Wednesday February 11, reflecting a climate of contracting liquidity and reduced transaction activity. With the approach of the Lunar New Year, the country’s main trading hubs — such as Wuxi...
Brazilian Aluminum: Billet Premium Stable In A Market Searching For Direction
The premium for aluminium billets delivered to São Paulo remained stable over the two weeks to Tuesday February 10, in a context characterized by slowed activity and growing uncertainty over short-term prospects. The assessment for the 6063 & 6060 extrusion billet...
Nickel Extends Rally After Indonesian Tightening
Nickel prices recorded a fourth consecutive session of gains, supported by Indonesia’s decision to impose a drastic production cut at the world’s largest nickel mine. On the London Metal Exchange, nickel rose 3% at the end of February 11, closing at $17,965/ton, after...