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Base Metals See a Red Day at LME as Prices Fall and Nickel Stockpiles Take Spotlight
LME non-ferrous metals traded lower on Thursday 15 May amid a strengthening US dollar and renewed nickel inventory tensions. Three-month contract prices for most metals were lower from their close on Wednesday evening. As of 15:20 pm CET, here is the latest: Copper:...
Prices Fall, Uncertainty Amid Spot Market in Europe for Hot Rolled Steel (HRC)
The European hot rolled steel (HRC) market continues to show signs of weakness, with prices gradually declining and real demand still lacking. The combination of diverging expectations among buyers and sellers and the absence of significant volumes has kept...
Falling Demand and Price Pressure for Rebar in Italy
The Italian market for reinforcing bar is going through a phase of weakness, marked by a slowdown in demand that has generated increasing competitive pressure among producers. This context has led to a progressive decline in prices, which in the last seven days have...
China Towards 2025 Steel Production Cut, But Many Unknowns Remain
China is moving forward with plans to reduce its annual crude steel production in 2025, but the actual implementation of these cuts remains uncertain, at least in the first half of the year. Some producers have received official or verbal guidance from local...