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Steel: the outlook for the long products market has still not improved
According to the latest report published by IREPAS, the global association of long products producers and exporters, the outlook for the global long products market continues to remain unfavourable, with weak demand, low profit margins and geopolitical issues not...
Scrap market in Italy raises concerns for February
Assofermet, the Italian association of scrap, raw material and steel distributors, reported a mixed picture for the Italian scrap market in January. While prices increased at the beginning of the month and purchases by producers accelerated, towards the end of the...
Copper: Codelco expects production to recover by 2024
Production at mines owned by Chile's financially troubled copper miner Codelco fell to 1.325 million tonnes in 2023, the company's chief executive said on Tuesday, promising a slight recovery in the coming year. Codelco's production has fallen to its lowest level in a...
HRC steel: Eu coil buyers slow down purchases due to excess stocks
Buyers of European hot rolled (HC) coils slowed their purchases due to good inventory levels, while steel mills remained firm on offers on 5 February. Uncertainty about short-term price developments and import volumes in the fourth quarter weighed on buyer sentiment,...