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HRC steel: EU market remains bearish due to low demand from buyers
The European hot rolled coil (HRC) market is in a still bearish trend, as buyers have refrained from placing orders, waiting for prices to bottom out. "There is no demand in the market at the moment," said a source at a German service centre. "Prices may fall further...
Nickel: bailout risks triggering a new trade war
Events following the nickel price collapse have taken a surprise turn, which could see a metal that rarely makes headlines become a lightning rod in relations between China, the US, Indonesia and Australia. Since the metal, mainly used in stainless steel and...
Copper: Chambishi smelter reduces capacity following energy cuts
China Nonferrous Metal Mining Corp's Chambishi copper smelter in Zambia has reduced one-fifth of its production due to power shortages in the country. The plant, which produces about 250,000 tons of copper a year, is one of the largest processing facilities in...
Construction industry outlook: commodity price trend in 2024
Long products made of slightly stable US steel As expected, prices for long steel products in the United States have remained stable or increased slightly over the past month, despite the negative effect that winter weather has had on construction activity. However,...