Loading
German market still expects steel prices to fall
German steel producers, traders and buyers are bearish on prices for June and are almost unanimous in their expectation of lower production levels. The market has seen a slowdown in demand for long products as buyers hold back in anticipation of further price...
Steel: Italian sheet metal demand may resume in July
Italy's heavy plate market continues to stagnate this month, with falling prices and virtually no sales. Despite the pause, however, northern European producers would have full order books, in some cases through the end of the year. Their sales are driven by strong...
Copper: Mongolia calls for more transparency as Rio Tinto seeks control of Oyu Tolgoi
A senior official at Mongolia's giant Oyu Tolgoi copper and gold mining project has called for greater transparency and more power to local management as Rio Tinto seeks to take over the project completely. Mongolia owns 34 percent of Oyu Tolgoi, one of the world's...
Industrial metals: China’s stimulus boosts optimism
China's economic stimulus machine is already driving up prices of key commodities such as iron ore, steel and copper, although some doubts remain about the speed and effectiveness of the stimulus measures. North China's benchmark 62 percent spot iron ore rose Monday...