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HRC steel: rapid filling of safeguard quotas may boost EU prices in early 2024
As predicted by the market, allocations for imports of certain flat steel products into the EU in the first quarter of 2024 have filled quickly, with quotas already exceeded for hot-rolled coils and automotive grades of hot-dip galvanised coils. As of Friday, 5...
Copper: falling price for stable dollar ahead of US inflation data
Copper opened lower on Monday, while the dollar remained stable, with investors awaiting the US inflation report due later this week for more clues on the Federal Reserve's rate outlook. Three-month copper on the London Metal Exchange was down 0.39 per cent at...
Steel: Ukrainian Zaporizhstal’s production increased in 2023
Zaporizhstal, a subsidiary of Ukrainian steel producer Metinvest, announced production results for December and the whole of last year. In December, the company's production of pig iron, crude steel and finished steel increased by 87.1%, 223.1% and 257.9% year-on-year...
Alumina: Chinese market hits record highs in early 2024 amid concerns over bauxite supply
The alumina market in China has seen a significant rise ahead of the year 2024, with alumina prices reaching new highs since the previous year. According to the latest data, the average spot price of alumina in China rose to RMB 3,154 per metric tonne on Tuesday 2...