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Copper: prices open in gap down due to a stronger dollar and increased stocks in China
Copper prices lost ground on Monday, weighed down by the strengthening US dollar ahead of key economic data and rising inventories in major consumer China. Three-month copper on the London Metal Exchange (LME) was down slightly by 0.42 percent at $8,524 a tonne (09:42...
Ukraine’s steel industry transformed after the Russian invasion with closer ties to the EU
This week marks two years since Russia invaded Ukraine on 24 February 2022, but despite the threats and challenges posed by the war, the Ukrainian steel industry has managed to adapt. New strategic partners The hostilities and the loss of vital logistical routes...
World crude steel production up in January 2024
The World Steel Association (worldsteel) announced that world crude steel production was 148.1 million tonnes in January this year, up 8.2 per cent month-on-month and 1.6 per cent year-on-year. Asian crude steel production in January was 107.6 million tonnes, down...
Copper: for the year 2023 the market was in deficit by 87,000 tons
The International Copper Study Group (ICSG) published preliminary global copper supply and demand data for November in its February 2024 Copper Bulletin. World copper mine production World copper mining production increased by about 1% in 2023, with concentrate...