Loading
Nickel: from +40% in just two weeks to -15% in one day. High volatility
The London Metal Exchange said Wednesday that it is conducting closer monitoring of nickel trading after prices fell as much as 12 percent under volatile and illiquid conditions. The drop came after a meteoric run in the metal used to make stainless steel, which...
Steel: Mexico’s consumption will increase amid uncertainties in 2023
According to the Canacero National Steel Association, Mexico's steel sector is expected to improve its main indicators in 2023 compared to the previous year. Apparent steel consumption (ASC) is expected to increase 2-3 percent year-on-year from 25 million tons in...
Scrap: unexpected price recovery
In its latest press release, Assofermet, the association representing Italian distributors of scrap, raw materials, and steel products, said October in Italy was marked by an unexpected recovery in scrap prices and decent demand in the market. "The drop in gas prices...
US steel: resumed downward trend
After U.S. steel prices appeared to have stabilized, the descent of hot-rolled coil, cold-rolled coil, and hot-dip galvanized prices accelerated during October. Hot-rolled coil prices are now at their lowest level since November 2020. Sheet metal prices, on the other...