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HRC steel: slight drop for European prices
European hot-rolled coil market activity was sluggish on July 27, with HRC prices undergoing a slight correction across the continent despite more positive sentiment for the end of summer. Most mills are expecting an increase in supply or the near term, with...
Copper: price rebounds on hopes of slowing rate hike and Chinese stimulus
Copper prices rose to three-week highs Thursday on investor expectations of a slowdown in U.S. interest rate hikes and improved demand from China's top consumer. The Fed raised rates by 0.75 percent on Wednesday, but comments by Chairman Jerome Powell raised hopes for...
Aluminum: despite falling prices, Chinese production remains high
Falling aluminum prices, which have squeezed producers' profit margins in recent months, will do little to slow production in China, given the high cost of downtime and hopes for increased foreign demand. The steady supply expected from China, the world's largest...
Steel: German distributors’ sales in June fell 8 percent year-on-year
Steel sales by German distributors in June fell 8 percent from the previous month to a six-month low of 800,867 tons, down 15 percent from a year earlier. The 11 percent decline from the January-May average of 902,000 tons was attributed to economic uncertainty. Flat...