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Steel and iron ore: recovery in China will be slow
China's steel and iron ore demand recovery will be slower than expected as market confidence was dampened by the absence of stimulus measures for the real estate, infrastructure and downstream manufacturing sectors at the just-concluded two-session government meeting...
Copper: prices continue reaction
Copper prices on the LME edged higher on Wednesday as traders and investors awaited the results of a meeting of major Chinese smelters. The three-month benchmark copper on the London Metal Exchange (LME) is up 0.96 percent at $8,731/mt (09:05 Italian time). China's...
HRC steel: EU market remains bearish due to low demand from buyers
The European hot rolled coil (HRC) market is in a still bearish trend, as buyers have refrained from placing orders, waiting for prices to bottom out. "There is no demand in the market at the moment," said a source at a German service centre. "Prices may fall further...
Nickel: bailout risks triggering a new trade war
Events following the nickel price collapse have taken a surprise turn, which could see a metal that rarely makes headlines become a lightning rod in relations between China, the US, Indonesia and Australia. Since the metal, mainly used in stainless steel and...