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HRC steel: northern European prices drop due to seasonal slowdown and economic concerns
Northern European hot-rolled coil (HRC) prices fell over the past week as some mills reduced prices to move tons amid very quiet demand. Activity across the continent is very sluggish due to summer closures. Some parts of northern Europe have not yet returned to...
Steel: long market outlook for next quarter unstable and unsatisfactory
Global long steel producers have come under pressure from slowing markets, insufficient demand, and increased competition from relatively new exporters with active offerings in North Africa, the Gulf region, and parts of Asia. High interest rates continue to put...
Copper: China’s Nanfang to open large smelter sooner than expected
Nanfang Nonferrous, China's largest private copper producer, is expected to put a major new smelter into production by October, more than doubling its capacity, a few months earlier than expected. Used for wiring electric vehicles, copper is a key element of the...
Aluminum: giant Rusal’s net income plummets 75% in first half due to soaring costs
Russian aluminum giant Rusal on Friday reported a 75 percent drop in first-half net profit due to soaring production costs resulting from dwindling raw material resources, strong inflationary pressures, and international sanctions against Russia. Rusal, one of the...