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Copper: prices rise above $9,000/mt thanks to China’s reopening
Copper rose above $9,000 a ton for the first time since June, fueled by optimism that China's reopening will spur demand in the world's top consumer. The key industrial metal rebounded after a 14 percent drop in 2022 as severe coronavirus restrictions hampered China's...
Steel: Estonia bans imports from Russia
Estonia's Bureau of Taxation and Customs has announced that it has imposed a ban on imports of Russian goods, including steel products, as of Jan. 9, with the end of the transition period for sanctions imposed by the EU on a number of consumer goods originating in...
Stainless steels: Russian imports up 11.4 percent in December on a monthly basis
According to Russia's SpetsStal association, Russian imports of stainless steel totaled 30,100 tons in December, up 11.4 percent from November. In volume terms, Russian imports of cold-rolled stainless steel, long stainless steel, seamless pipes, and stainless wire...
HRC steel: production cuts support upward trend
European hot-rolled coil producers are aiming for higher prices, and reduced supply in the region could support the upward trend. Several sources reported that European mills are offering HRC to the market with delivery in early March. But buyers expect delivery...