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Copper: prices under pressure due to weak demand
Copper prices remained under pressure as expectations of continued weak demand offset support from a weaker dollar, while trading remained cautious ahead of key US inflation data. Three-month copper on the London Metal Exchange settled at $8,561/mt (Italy time), down...
Aluminium: prices fall as LME faces Russian oversupply
Aluminium prices continued their slow decline, while remaining in a general sideways trend. After a 1.31% drop in April, prices fell a further 2.22% in the first week of May. However, despite the weakness, aluminium prices have not yet formed any lows, so a...
Scrap and cast iron: the Italian market remains stagnant in April
The Italian cast iron market was mostly quiet in April. The holiday period and plant closures for maintenance work played a part in the market downturn. While most steelmakers expect their prices to fall, they are unwilling to adjust. The gap between prices in the...
Steel: difficult times for the industry of long products
Wilhelm Alff, chairman of the traders' committee, said that the steel industry, especially the Turkish long steel industry, is going through very difficult times amidst weak domestic markets, high energy costs, many commercial cases and new competition in the form of...