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Nickel: prices falling with weak demand for stainless steel
According to French mining group Eramet, nickel and ferronickel prices are seen declining in the second half of the year, despite expected favorable seasonality. The market will be affected by strong negative external economic factors. Nickel prices on the London...
Steel: Ukraine’s production decreased by 38 percent between January-July 2022
According to the report published by the national steel producers' union Ukrmetallurgprom on Tuesday, Aug. 9, Ukraine's crude steel production plummeted 37.9 percent in January-July 2022 to just 4.52 million tons, due to Russia's unprovoked invasion of the country...
Steel/plate: prices in Japan will rise due to active construction demand
Japanese sheet metal prices rose slowly on August 9, but improving demand from the construction sector could push prices up further when the market returns from vacation this week. On Tuesday morning, trading for 19mm-thick SS400 heavy plate (1,524×3,048mm cut) on the...
Zinc: Glencore’s warning on smelters boosts price
Zinc prices on the London Metal Exchange (LME) jumped to six-week highs last week after Glencore warned of continued margin compression at its European smelters. The commodity company has suspended part of its Portovesme, Italy, smelter at the end of 2021 due to high...