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HRC steel: European producers struggle to fill order books
European hot-rolled coil producers are struggling to fill their order books as buyers are delaying purchases due to depleted inventories and negative weather. HRC Northwest European hot rolled coils settled at 619 euros/mt, down 14 euros/mt from 633 euros/mt on...
Alumina: price in China continues to fall causing losses to refineries
The average spot alumina price has continued to fall across China, where refineries, particularly in Shanxi and Henan, are making heavy losses. Zhongmei Aluminum, Taixing Aluminium and Magnesium and Xiaoyi Huaqing, each with 400,000 tons, have already collectively...
Iron ore: price rebound may not depend only on China’s hopes
The price of spot iron ore for delivery to northern China has rebounded from two-year lows, thanks to the return of optimism in the market that the worst may be over for the steel raw material. The 62 percent benchmark iron ore spot price closed Nov. 11 at $88.19/mt,...
Nickel: price jumps 15% to the highest since May in an illiquid market
Nickel prices jumped 15 percent Monday to the highest since May as funds and traders canceled bets on a lower price in an illiquid market ahead of Wednesday's contract settlement. Benchmark nickel on the London Metal Exchange was up 2.4 percent at $27,455 a tonne at...