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Aluminum: major traders bet on a price rise
Aluminum traders are making bold bets in the options market to position themselves for a price surge later this year as the metals world weighs the possibility of restrictions on Russian supplies. The London Metal Exchange is formally discussing the possibility of...
Iron ore: price stability in the past two months
Despite concerns about the Chinese economy, iron ore remained relatively stable in September and October. This is noteworthy because, historically, these months represent one of China's peak demand periods. The price of iron ore continued to move between $94 and $101...
Steel billet : cheap Chinese deals set off alarm bells in Asian markets
Chinese steel markets have fallen over the past week due to choppy demand and weak real estate data, making Chinese-origin steel products more attractive to export markets. Futures on the Shanghai Futures Exchange fell again Tuesday for both hot-rolled coils and...
Steel: Cleveland-Cliffs expects positive demand from the U.S. automotive sector
Chief Executive Officer Lourenco Goncalves said Cleveland-Cliffs expects quarterly steel shipment volumes to reach or exceed 4 million tons in the fourth quarter and subsequent quarters due to a recovery in steel demand from the U.S. automotive sector. "We were...