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HRC steel and Inox: the European market remains stable despite a decrease in supply
The European hot-rolled coil market remained quiet on Monday, Oct. 17, with discounts granted by some suppliers not stimulating trading activity. Some producers reduced bids last week to fill gaps in their order books. Nevertheless, trading activity in the region...
Steel: Chinese rebar production hits one-and-a-half-year low
Rebar production from China's major steel mills declined for the third consecutive week from Oct. 6 to 12, albeit at a steeper pace, down 2.6 percent, or 77,300 tons, from the previous week's 0.5 percent drop, to touch a 1.5-month low of 2.93 million tons. Steel mills...
Aluminum: price drop while LME stocks rise
Aluminum prices are falling as inventories in London Metal Exchange warehouses rise, fueling fears of unwanted Russian-origin metal in the LME system. After Russia invaded Ukraine in February, Western countries imposed sanctions on Russian banks and wealthy...
Precious metals: LBMA excludes MMC Norilsk Nickel PJSC from its annual conference
An LBMA spokesman confirmed that the Russian company, the world's leading palladium mining company, has been asked not to attend this year's Lisbon event. Norilsk Nickel is not currently under sanctions from the United States or Europe, but the stigma against Russian...