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Steel: EU flat product manufacturers should reduce production to balance supply and demand
Further reductions in EU production capacity are expected in the fourth quarter of 2023, as steel mills seek to rebalance oversupply in the hot-rolled steel (HRC) market. European flat steel prices have been pressured in recent weeks by a lack of demand, with buyers...
Aluminum: monitoring imports from Mexico and duty exclusions are among top U.S. industry trade priorities
High levels of aluminum imports entering Mexico and being sold in the United States and the limits of the U.S. Section 232 tariff exclusion process are among the top trade concerns for the domestic aluminum industry. The Aluminum Association and the Mexican Aluminum...
Zinc: more mines at risk from low prices
The downward trend in the price of zinc in the first half of 2023 has contributed to a reduction in production at four mines, and based on zinc price forecasts for 2023 of $2,500/mt it is possible that more mine closures will occur before the price can begin a...
Copper: Peru keeps flow and investment with unrest under control
Peruvian Prime Minister Alberto Otarola has promised to keep social unrest under control to allow the mines to continue producing copper and pave the way for the investments needed to maintain the metal's status as the second-largest producer. The government will...