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Copper: prices rise on restricted supply
Copper prices rose on Thursday on expectations that the COVID-19 battle in China, the main metal consumer, will have a minimal impact on demand. Three-month copper on the London Metal Exchange hit a high on Thursday at $10,372/ton before closing at $10,335/ton. The...
Steel: demand to rise by only 0.4% in 2022 and 2.2% in 2023
The Short Range Outlook, published on 14 April by the World Steel Association, forecasts that steel demand will rise by 0.4% in 2022 to 1.84 billion tonnes and grow by a further 2.2% in 2023 to 1.88 billion tonnes. Steel demand rose 2.7% in 2021 to 1.83 billion as...
Aluminium: tariffs cost US beverage industry $1.4 billion
According to the Beer Institute, the US domestic beverage industry has paid more than $1.4 billion in tariffs on aluminium since they were implemented in 2018, which has subsequently inflated prices for producers and consumers. For Jim McGreevy, CEO of the Beer...
Plates: Italian end-users face supply challenges
Heavy plate consumers in Italy and Europe are facing significant supply challenges following the Russian invasion of Ukraine. David Bernardi, head of procurement at Fincantieri, one of Italy's leading industrial groups, explains that alternative supplies are being...