Loading
Copper: prices rebound as dollar weakens
Copper prices are rebounding on the back of a weakening dollar and investors' hopes that US data will show falling inflation. Three-month copper on the London Metal Exchange stood at $8,964/mt, in line with yesterday's close, but up 1.11 percent from Friday's close....
Steel: China’s imports of finished products fall by 25.9%
As He Wenbo, CEO of the China Iron and Steel Association (CISA), said at the sixth CISA General Assembly held in Beijing on 13 February, China's finished steel imports in 2022 fell 25.9 per cent year-on-year to 10.57 million tonnes, the lowest level since 1993. In...
Metals: Shanghai warehouses downgrade high expectations
The London Metal Exchange (LME) base metals index jumped 10 per cent in January on investor bets on the recovery of the Chinese economy. China remains the engine room of global manufacturing, but two years of the COVID-19 freeze have mitigated its usual impact on...
Long steel: EU sources predict a price increase in the short term due to availability problems
Most market participants expect long steel prices in Europe to rise in the short term due to concerns about availability after the recent earthquakes in southeast Turkey and Syria. Long steel prices are expected to rise in a few weeks. The flow of imports will...