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Steel: Eurofer lowers demand forecast as recovery loses steam
The outlook for European steel demand for 2024 continues to lose momentum due to worsening geopolitical tensions, growing economic uncertainty, energy prices, inflation and high interest rates. Eurofer has therefore lowered its forecast for apparent steel consumption...
Steel: EU finished goods exports fell by 2 percent in January-February
According to the second-quarter Steel Economy and Markets Outlook 2024-2025/2024 report published by the European Steel Association (EUROFER), total EU steel exports decreased by 1 percent year-on-year in the fourth quarter of 2023. While exports of finished products...
Gold: rally could reduce Indian demand to four-year lows
India's gold demand in the March quarter (Q1) was up 8 percent from a year ago, but recent price increases for the precious metal could reduce total consumption in 2024 to the lowest in four years. India's gold demand could be between 700 and 800 tons in 2024, with...
Aluminum: Chinese trade increases, consolidating its status as a supply channel
The latest data on China's aluminum imports and exports indicate that the country is becoming a supply channel for the metal. Chinese imports of the metal in Q1 increased by more than 200% compared to Q1 2023. With the arbitrage window open, bringing metal into China...