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HRC steel: European mills ready to accept lower bids
European hot-rolled coil producers have lowered quotations and are ready to give further discounts to fill June-July order books. According to a market source, buyers are aiming to get 950 euros/ton ex-works from northern European mills and are likely to succeed....
Steel: plate prices in EU stabilize
Plate prices in the EU remained stable in the week of May 27, with holidays in northern Europe limiting transactional activity and some early inventories reported in the Italian market. With mills focused on long-term supply projects, spot market presence remained...
Chinese industrial enterprises’ profits grow 3.5 percent in the first four months
According to the latest data released by the National Bureau of Statistics (NBS) on May 27, China's large industrial enterprises saw their gross profits increase by 3.5 percent year-on-year in the January-April period. Sporadic outbreaks of COVID-19 in some regions of...
Aluminum: market turmoil will not slow down green push
Aluminum has been in chronic oversupply for years, thanks to China's relentless increase in primary smelting capacity. Now, however, buyers in Europe and the United States are paying record premiums to get hold of the physical metal. The Chinese aluminum giant has run...