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Copper: prices in settling phase
After forming new period highs in the $8,555/mt area, copper prices have been settling, disfavored by a slight recovery of the dollar amid a darkening global economic growth outlook; the prospect of increased demand from China is also expected to support prices going...
Stainless steel: reduced imports could cause shortages
Although nickel prices have suffered a modest retracement from the rally earlier this month, upward price action has continued to support the short-term range breakout. A sustained rise should support further bullish anticipation, which could support the continuation...
Italian car production falls
According to data from the National Automotive Industry Supply Chain Association (Anfia), Italian automotive production, including heavy vehicles and buses, fell 3.4 percent year-on-year in the first nine months of 2022 to 580,843 vehicles, down from 601,079 units in...
Steel: ArcelorMittal Kryviy Rih hit by missile attack
The site of ArcelorMittal's Kryviy Rih steel plant in Ukraine was the target of a missile attack, the local government of Dnipropetrovsk Oblast, where the steel plant is located, said in a notice published Dec. 5. The local government website added that on the night...