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HRC steel: EU market down as demand further weakens
The European hot-rolled coil market fell on 27 June due to further weakness in demand. On 27 June, hot-rolled coils in Northern Europe fell by EUR 25/tonne from the previous session, to EUR 805/tonne ex-works. Domestic prices continued to be under downward pressure...
Steel and aluminium: US to increase tariffs on some imports from Russia to 35 per cent
The United States will increase tariffs to 35% on some steel and aluminium products imported from Russia in a move that will affect 570 different product groups in various sectors. According to President Joe Biden, the increase in rates to 35% on certain other...
Copper: Codelco sees a ‘very stable’ copper price despite recent decline
The chairman of the board of Chilean copper giant Codelco Máximo Pacheco, sees a stable copper price despite the recent drop. The comments come as copper prices recorded their biggest weekly drop in a year, as investors fear that central banks' efforts to curb...
The Mexican steel market expects a difficult third quarter
The Mexican steel market is preparing for a bad third quarter, with prices falling due to low demand and oversupply. Prices of flat and long products have been falling for several consecutive weeks, and the speed and severity of the declines have worried market...