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Aluminum: metal extends losses as recession outlook weighs on demand
Aluminum prices accentuated losses Tuesday as investors fear that new closures in major consumer China and a potential global recession could reduce demand for the metal. The most-traded July aluminum contract in Shanghai closed daytime trading down 1 percent at...
Worldsteel blocks Russian steel mills from joining due to sanctions
The World Steel Association (worldsteel) and Russian steel mills have agreed to freeze their full membership in the association due to sanctions against Russia. In response to media reports that worldsteel had suspended Russian steel producers, a spokesperson for the...
Steel: flat product shipments to Europe down
According to data released June 13 by Eurometal, the trade body for European steel distributors, shipments of flat steel products from EU-27 and UK service centers fell 0.4 percent year-on-year in the first four months of 2022, while shipments of long steel products...
Hrc steel: Baoshan Steel changes list prices for July sales
Baoshan Iron & Steel, the publicly listed arm of China Baowu Steel Group, has decided to change the list prices of hot rolled coils (HRC) for July domestic sales. Earlier this month, on June 1, China's largest private steel producer, Shagang Group, said its list...