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HRC steel: European prices remain stable
European hot-rolled coil (HRC) prices remained nearly stable on April 29 amid a recovery in market supply demand. Demand has improved because distributors have started to restock, but volumes remain limited because end-user demand is still low. According to market...
Steel: Eurofer lowers demand forecast as recovery loses steam
The outlook for European steel demand for 2024 continues to lose momentum due to worsening geopolitical tensions, growing economic uncertainty, energy prices, inflation and high interest rates. Eurofer has therefore lowered its forecast for apparent steel consumption...
Steel: EU finished goods exports fell by 2 percent in January-February
According to the second-quarter Steel Economy and Markets Outlook 2024-2025/2024 report published by the European Steel Association (EUROFER), total EU steel exports decreased by 1 percent year-on-year in the fourth quarter of 2023. While exports of finished products...
Gold: rally could reduce Indian demand to four-year lows
India's gold demand in the March quarter (Q1) was up 8 percent from a year ago, but recent price increases for the precious metal could reduce total consumption in 2024 to the lowest in four years. India's gold demand could be between 700 and 800 tons in 2024, with...
