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HRC steel: EU mills offer discounts due to low demand
HRC (Hot Rolled Coils-Northwest Europe) prices fell 1.40 percent on Sept. 12, to 803 euro/mt, with discounted volumes available from northern mills due to low demand. However, buyers have expressed doubts about the durability of the cheapest bids, as mills are...
Russian aluminum and nickel: EU and US increase imports
The European Union and the United States have increased their purchases of key industrial metals from Russia, data show, despite logistical problems caused by the war in Ukraine and tough talk about starving Moscow of foreign currency revenue. The metal shipments...
China’s blast furnace capacity utilization increased from the previous year
The blast furnace (BF) capacity utilization rate of China's largest steel mills rose to 87.56 percent from Sept. 2 to Sept. 8, increasing for the sixth consecutive week by another 0.73 percentage points from the previous week, contributed mainly by steel mills in...
Steel: price heads for rebound due to rising supply concerns in China and Eurozone
Steel prices are showing signs of exhaustion after being in a bear's grip for an extended period. The asset is expected to rebound as supply concerns are set to outweigh the impact of subdued demand. The ineffectiveness of the supply-demand mechanism has been a major...