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Steel: long products in Europe remain unchanged
Prices for EU long products remained strong in the week of May 4, with mills holding firm on bids amid a good order book, but buyers remained reluctant to buy at high prices due to relatively long lead times. TSI Northwest Europe Rebar settled at €1,327.50/mt ex-works...
Wire rod: the weakness of the Italian market continues
The Italian wire rod market continues to be sluggish, with reduced sales and customers adopting a wait-and-see attitude or buying on the import market thanks to competitive offers. Quotations from local steel mills last month of 1,200 euros/mt for wire-drawing quality...
Copper: Kakula-Kamoa will be the largest mine in Africa and the third largest globally
Ivanhoe Mines reported that its Phase 3 expansion is expected to reach 600,000 tons per year by the fourth quarter of 2024. The company detailed its expansion plans at Goldman Sachs Copper Day. Once the company reaches phase 3, Kakula-Kamoa will be the largest copper...
Steel: German market expects further price drop in May
German steel producers, traders and buyers expect a slight weakening of prices and production levels in May. In April, prices for flat products fell by more than 100 euros/mt, while those for long products remained fairly stable. Traders remained on hold due to...