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Copper: prices rebound on hopes of recovery in Chinese demand
Copper prices are rebounding today on the back of investors' and traders' hopes for a recovery in demand from major consumer China and support from global mining supply disruptions. Signs of stronger demand bolstered sentiment. The accumulation of copper stocks in...
Nickel: prices in support of short-term support
Nickel prices came back to short-term support in the $25,635/mt area, after peaking in January. Meanwhile, volume levels appear to be at least partly responsible for the current price action in stainless steel and nickel. Overall buyer volume has continued to decline...
Stainless steel: rolled steel activity in Europe remains sluggish
Activity in the European flat stainless steel market continues to be slow. Both upstream demand for coils and downstream demand for tubes and sheets remain subdued, and sources in northern and southern Europe do not expect any particular changes in the coming months....
Steel scrap: future supply for the needs of European steel mills is not at risk
According to a recent report published by EURIC, a European organisation representing the European recycling industries, the future supply of steel scrap for the needs of European steel mills is not at risk unless export trade restrictions affect the business of...