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HRC steel: market approves production cuts
A reduction in working hours and closure of key plants at major European steel mills could be welcomed by the market at large. Until recently, several traders suggested that reducing production would be the best solution to synchronize supply and demand. Apparently,...
Zinc: premiums in Europe reach a new high
Premiums for special grade zinc ingot (SHG) in Europe reached new all-time highs on Tuesday, Aug. 30 due to concerns over supply disruptions, while those in China and the United States held steady amid thin spot trade. Physical spot premiums for refined SHG zinc ingot...
Copper: new rebound for prices on weakening dollar and optimism about Chinese demand
Prices of copper and other industrial metals extended gains Friday, driven by the weakening dollar, optimism about China, the main metals consumer, and persistent smelter closures limiting supply. Three-month copper on the London Metal Exchange is gaining 1 percent...
HRC steel: European producers maintain bids despite limited trading
Hot-rolled coil prices in Europe fell slightly on Wednesday, September 7, atte795 euros/mt compared to 805 euros/mt the previous day. The number of HRC transactions was limited in both northern Europe and Italy, but market sources said they expect activity to pick up...