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US steel: resumed downward trend
After U.S. steel prices appeared to have stabilized, the descent of hot-rolled coil, cold-rolled coil, and hot-dip galvanized prices accelerated during October. Hot-rolled coil prices are now at their lowest level since November 2020. Sheet metal prices, on the other...
Copper: prices down slightly on weak Chinese data
Copper prices edged lower Wednesday on weak Chinese economic data, which added to signs of weak demand and ample supply, undermining the recent rally. Benchmark copper on the London Metal Exchange stands at $8,283/mt (15:49 GMT+1), down 1.23 percent from yesterday's...
Nonferrous metals: the LME will continue to accept Russian metal…at least for the moment
The London Metal Exchange (LME) has announced that it will continue to accept Russian metal on delivery for its industrial metals contracts, at least for the time being. The decision was made knowing that "it is likely that additional tons of Russian metal, over time,...
Steel: China’s October steel production falls 8.3 percent month-on-month
China's October steel production fell 8.3 percent from the previous month, according to official data on Tuesday, due to ongoing COVID restrictions and the deepening crisis in the country's real estate sector, which led some steel mills to start maintenance operations...