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HRC steel: European producers struggle to fill December order books
European steel producers are struggling to sell coil rolled coil (HRC) delivered this year due to low demand from distributors and end consumers. Buyers have shown little interest in coils delivered in December, due to the focus on destocking by the end of the year,...
Copper: Codelco expects demand in China to remain steady
The Chilean president of Codelco, the world's largest copper miner, said demand for copper in China, its main consumer, will hold up despite slowing economic growth. China buys about half of Codelco's production and also accounts for about half of global copper...
Aluminum: Norsk Hydro’s profit beats forecast, but outlook remains uncertain
Norwegian aluminum producer Norsk Hydro Tuesday reported third-quarter profits well above expectations but said its outlook is more uncertain due to high inflation and weaker global growth. Adjusted earnings before interest, taxes, depreciation and amortization...
Metals: locating its supply bypassing China – mission impossible
According to speakers at the London Metal Exchange seminar on Oct. 24, despite new Western legislation seeking to localize metals supply chains for the energy transition, it will be difficult, perhaps impossible, to bypass supplies from China. The trend toward...