Loading
EU Steel Market Outlook: Reflections and Prospects for the Future
The fourth quarter report 2024/2025 on the Steel Economy and Markets, published by the European Steel Association (EUROFER), provides a detailed picture of the current steel market situation in the European Union. The paper highlights how apparent steel consumption in...
Chinese Fiscal Stimulus and Federal Reserve Expectations: Copper Responds with a Rise Between Caution and Optimism
Copper, along with other industrial metals, rallied after news of a possible new fiscal stimulus package from China, worth a total of 10 trillion yuan (about $1.4 trillion). This plan could be approved at a meeting of China's top legislative body scheduled for Nov....
Glencore: Decline in Copper, Cobalt and Coal Production, but Trading in Strong Growth
Mining and trading giant Glencore announced a decline in production of copper, cobalt, zinc, nickel, and thermal coal for the first nine months of 2024. However, the company maintained an optimistic outlook for its trading sector, confirming that this year's profits...
Steel Crisis in Europe: Between Rise, Economic Difficulties and Chinese Competition
Western European steel producers are trying to raise prices for hot-rolled coils (HRC), despite the fact that demand remains weak. Steel mills are now targeting a price of around €600 per ton (EXW), an increase from €520-530 in late September. However, this price...