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HRC steel: EU prices stabilise due to lower production and slow recovery in demand
Domestic hot rolled coil prices in Europe remained stable on 11 July, supported by production cuts and increased buyer interest in new deals. HRC in Northwest Europe stood at €812/mt on 11 July, up slightly from €810.75/mt on the previous day. Demand from end...
Italian production disruptions hamper raw material sales
In the monthly note published by Assomet, the significant drop in scrap prices in Italy this month compared to June is causing a major slowdown in scrap collection. Most steel mills will stop production already in July to solve the overcapacity problem. Although scrap...
Steel: flat products manufacturer HBIS Serbia will shut down one of its two blast furnaces
Belgrade-based steel producer HBIS Serbia announced on 11 July that unfavourable global market conditions have led the company to close one of its two blast furnaces. "At HBIS Serbia, preparations are underway to close blast furnace number one. The reason for this...
Copper: price falls on strengthening dollar and demand concerns
Copper prices in London extended losses for the third consecutive session on Tuesday, hit by a strong dollar and demand concerns amid COVID-19 restrictions in major consumer China and a rise in global benchmark interest rates. Three-month copper on the London Metal...