Loading
Copper: prices rebound due to Fed’s ‘dovish’ effect
Copper prices in London were trading higher for a second session, up 0.79 percent at $8,600/mt (8:58 a.m. Italian time) from the previous close, an effect due to expectations of lower US interest rates in the coming year that weighed on the dollar. The most-traded...
EU will continue to impose anti-dumping duties on HRC imports from Brazil, Iran and Russia
The European Commission (EC) announced that it will continue to impose anti-dumping duties on imports of unalloyed hot-rolled steel (HRC) and other alloys from Brazil, Iran and Russia following an end-of-period review. The review was initiated following a request...
HRC steel: European buyers expect further price increases
On Wednesday, 13 December, the European hot rolled coil (HRC) market rose 0.66% from the previous day to EUR685/mt. However, trading was characterised by quiet conditions, with buyers unconvinced of the new prices in the face of limited demand and a possible increase...
Steel: Fitch Ratings expects markets to become more stable in 2024
International rating agency Fitch Ratings has assigned a neutral outlook for the global steel sector in 2024. The outlook reflects the agency's expectation that steel markets will become more balanced in 2024 due to rising demand in most regions, with the exception of...