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Long steel: Italian market continues to record low consumption
Distributors and agents in Italy are complaining of a very negative September and October in terms of margins, sales and general activity. Some sources claim that sales of flat and long products dropped by 35-40% compared to last year. With regard to long products,...
Tin: why prices keep falling
Tin prices have fallen recently, with the LME Cash price dropping more than $2,000/tonne since Monday 25 September. Looking back only to late July, when prices were above $28,600/tonne, the drop appears even more dramatic. It was not so long ago that tin prices...
EU plans anti-subsidy investigation into Chinese steel producers
The European Union (EU) is planning to announce anti-subsidy investigations against Chinese steel producers during a summit with the United States this month. Brussels has reportedly agreed to join Washington's efforts to protect industries from low-cost competition....
Global demand for iron ore will decline over the next 10 years due to falling consumption in China
Scottish energy research and consultancy firm Wood Mackenzie predicts that global demand for iron ore will decrease by 62m tonnes, or 3%, over the next 10 years due to reduced demand in China. As a result, mining investment will fall by 35% by 2033. China's iron ore...