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Non-ferrous metals: the surge in ShFE stocks seems to have peaked
The surge in Shanghai Futures Exchange (ShFE) metal stocks due to the Lunar New Year festivities appears to have peaked, with reported stocks of copper, aluminium and lead falling over the past week. This is an annual phenomenon. While many metal producers shut down...
HRC steel: trade down in European oversupply market
European buyers of hot-rolled (HRC) steel coils continued to postpone any replenishment due to lacklustre price expectations, sluggish demand and a lack of clarity on EU-imposed import quotas for the second quarter. Since the beginning of February, trading on the...
Crude steel: world production up 3.7% in February
The World Steel Association (Worldsteel) announced that world crude steel production was 148.1 mt in February this year, down 5.8% month-on-month and up 3.7% year-on-year. In the January-February period of the year, world crude steel production increased by 3%...
Zinc-lead: Glencore shuts down major mine in Australia after heavy rains
Glencore Plc has halted operations at its McArthur River (MRM) zinc-lead mine in Australia following heavy rains this week. The suspension could exacerbate supply shortages of zinc concentrates, a raw material for the production of refined zinc, which is mainly used...