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China’s steel production increased by 4% in May
China produced 4.1 per cent more crude steel in May than the previous month, thanks to a gradual reduction in disruptions due to the COVID-19 blockade across the country and a recovery in demand from steel mills. The world's largest steel producer produced 96.61...
Steel: Brazilian product prices weaken in June due to falling demand
Sentiment on Brazilian finished steel prices weakened in June due to slowing demand and falling commodity prices to pre-war levels between Russia and Ukraine. A survey of Brazilian producers, distributors, traders and end-customers conducted in early June showed that...
Aluminium: yesterday’s rebound supported by low stocks and Chinese data
Aluminium prices rose on Wednesday from seven-month lows, supported by falling inventories and strong industrial production data from China, as traders wait to see how aggressively the US central bank will raise rates. The strengthening Chinese data took the market by...
Hrc steel: EU producers approve discounts for demand problems
Some German steel mills prepared for substantial discounts on 14 June, while the Italian HRC market is down. Northern European HRC fell to EUR 900/mt ex-works as well as HRC quoted in Italy at EUR 850/mt ex-works. Bids below 900 euro/tonne were heard during the day,...