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Aluminium: Rusal’s 2023 profits fall due to low prices and lower production
Rusal reported an 84.3% slump in its annual profits, as weak realized aluminum prices and lower production due to international sanctions weighed on the aluminum giant's earnings. The company said the average realized price for its aluminum, used in transportation,...
HRC steel: no trade with stable prices
Hot rolled coil (HRC) prices in Europe remained unchanged, with little trading due to sluggish downstream demand and buyers' pessimistic expectations. On Thursday, trading remained limited in the European market, despite the fact that prices have fallen significantly...
Copper: supply crunch shakes metal prices
As already anticipated in previous articles the trigger for the price break-out is the news that Chinese copper smelters have decided to limit production in response to a much tighter than expected commodity market. Processing fees, the fees smelters receive for...
Steel: Biden opposes takeover of US Steel by Nippon
It is "vital" that US Steel remains a nationally owned and operated company, US President Joe Biden said in a statement on 14 March, signalling that the proposed sale of the company to Japan's Nippon Steel could face opposition from the White House. US Steel and...