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Copper: price sell-off after Fed warning on growth
Copper prices fell to their lowest in more than two weeks after U.S. central bank chief Jerome Powell warned that sluggish economic growth and new COVID restrictions in major consumer China have hit market sentiment. The Federal Reserve is expected to raise rates by...
Steel: Eurofer confirms negative outlook, raising demand forecast slightly
Eurofer has released its latest quarterly economic outlook, confirming that the European steel industry is experiencing a year of decline from 2021. For 2022, Eurofer now expects steel demand to fall 1.7 percent year-on-year to 147 million tons. The previous forecast...
European stainless steel market watches and waits for energy uncertainty
The stainless steel market in Europe remains subdued with mostly flat prices, but traders are watching and waiting for clarity on how the ongoing energy crisis will affect the fourth quarter. Core prices were unchanged for the third consecutive week, after previously...
Caustic soda: China will account for more than a quarter of additional capacity in Asia by 2026
China will record the largest caustic soda capacity additions in Asia, contributing about 41 percent of the region's capacity additions by 2026. Studies reveal that China leads the way with the largest capacity additions globally, with a capacity of 2.30 mtpa from 6...