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HRC steel: European producers consider price increases due to higher costs
Hot rolled coil (HRC) prices in Europe remained largely unchanged on Monday, 30 October, amid limited activity, but traders expect mills to announce further price increases soon. On 30 October, HRC Hot Rolled Coils - Northern Europe prices stood at EUR 610/mt, in line...
Gold: Indian demand loses steam at the peak of the festive season as prices rise
Gold prices near all-time highs could dampen demand in India during the peak festive season and lead to the lowest purchase volumes in three years. India is the world's second-largest gold consumer and a drop in purchases could limit the recovery in global prices....
Tin: China’s ties with Myanmar threaten key supplies
Ties between China and a powerful Myanmar armed group that controls a key source of tin are weakening, threatening to prolong what has already been months of disruption to supplies of the key metal. China has long had friendly relations with the group that rules the...
Steel: The market enters a deeper recession spiral in 2023 and faces increasing unpredictability for 2024
The slump in steel demand due to inflation and high interest rates, exacerbated by conflict and persistently high electricity prices, clouds the market outlook for 2023. The downturn in apparent steel consumption is expected to deepen further (-5.3%) this year, while...