Loading
Steel Italy: stagnation continues for CRC and HDG
Stagnation continues in the Italian markets for cold-rolled and hot-dip galvanized coils. However, the past ten days have seen additional demand. Producers have agreed to more contracts, particularly for export sales to neighboring European markets such as France and...
Scrap: improving demand in Italy and a potential price increase
According to Italian trade association Assofermet, the tax cut decided by the Italian government to ease the burden of energy prices on energy-intensive sectors has caused many steel mills to resume production, thus increasing demand for scrap. This is causing prices...
Zinc: producer Nexa expects high prices due to closure of European smelters
South American zinc and copper producer Nexa Resources SA expects limited supplies of zinc metals globally due to the closure of smelters in Europe as energy prices skyrocket. Ignacio Rosado, CEO of Nexa, said before a meeting with investors at the New York Stock...
Copper: JPMorgan sells more than 30,000 tons of metal booked by Maike Group
JPMorgan Chase & Co last month sold more than 30,000 tons of refined copper booked by the cash-strapped Maike Group that had been stuck in warehouses. The domestic sale, accounting for 10 percent of China's monthly refined copper imports, eased pressure on tight...