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Nickel: European premiums under pressure as demand picks up
Spot premiums for refined nickel briquettes came under further pressure in Europe on Tuesday after continued availability of material in the region drove prices down. The premium for nickel briquettes-Warehouse Rotterdam stood at $743/mt on Nov. 28, down 67 percent...
Steel: Chinese prices may weaken in December
Chinese steel prices could fall this month due to further weakening domestic demand and abundant supply. The stimulus policies announced by the Chinese central government in November to support the economy and boost consumer confidence do not seem likely to give the...
Copper: prices rebound on hints of rate slowdown and improving Chinese demand
Fifth consecutive day of rises for copper prices, with a momentary weekly gain of 5 percent as traders priced in bets on a slowdown in the pace of U.S. interest rate hikes and China's reopening. Three-month copper on the London Metal Exchange held at $8,373/mt, as of...
Steel: Nucor and Dofasco raise sheet metal prices
North American steel mills Nucor and ArcelorMittal Dofasco have raised plate prices. Electric arc furnace (EAF) steel producer Nucor, one of the largest, raised its price by $60/ton yesterday due to new orders. Market participants had been waiting for Nucor to...