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Steel: prices flatten and fall slowly
As steel prices continue their slow descent, one steel producer seems eager to reduce capacity. In early September, U.S. Steel halted its 1.5 million short tons per year blast furnace, with no planned restart date. The company attributed the decision to "high import...
European auto industry calls for urgent policy action
The European auto industry is calling for urgent policy action to enable the EU car market to recover. Trade association ACEA said Friday that it has revised its initial forecast that the EU new car market would return to growth in 2022. It now expects sales to...
Ferrochrome: Outokumpu will delay furnace restart until at least the end of the first quarter of 2023
Finnish stainless steel and ferrochrome company Outokumpu said Friday, Oct. 7, that it plans to continue limiting ferrochrome production until early 2023. Outokumpu now plans to delay the restart of one of its three ferrochrome furnaces until at least the end of the...
Copper: prices up but demand outlook weighs on sentiment
Copper prices are rising today , but poor demand prospects, particularly in China, the main consumer, expectations of further U.S. interest rate hikes, a strengthening dollar and rising inventories have weighed on sentiment. Copper inventories in LME warehouses, at...