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Copper: gap up opening and price touches 2-week highs
Reference metal prices in London rose on Wednesday, with copper touching a two-week high and recovering from the rally in commodity prices spurred by China's move to reopen its borders, further loosening COVID controls. Three-month copper on the London Metal Exchange...
Ferrous metals: what to expect by 2023
The past three years have seen incredible volatility in global ferrous markets due to the pandemic and its impact on economic growth, compounded by the Russian invasion of Ukraine. Steel end-users in Europe and the United States are battling inflationary pressures and...
Scrap and steel: exports and consumption down for Japan
Japan in November this year exported 501,855 tons of scrap, a volume up 4.6 percent from 479,594 tons in November 2021. The figures are from Japan's customs authorities, which said scrap exports in January-November totaled 5.86 million tons, down 13.9 percent from...
Finished steel: stocks up slightly in mid-December
The China Iron and Steel Association (CISA) reported that as of Dec. 20 this year, total national stocks of the five major finished steels in 21 major cities in China totaled 7.36 million tons, up 10,000 tons or 0.1 percent from Dec. 10. Specifically, as of Dec. 20,...